Accounts filed on 31-03-2015


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/03/2015

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		4



The company's registered number is 07847419


Registered Number: 07847419

BALANCE SHEET AT 31/03/2015

			2015		2014
	Notes		£		£

FIXED ASSETS
Intangible assets	2		10,000		16,000
Tangible assets	3		1,996		2,511

			11,996		18,511

CURRENT ASSETS
Stock		121		189
Debtors (amounts falling due within one year)	4	3,662		4,846
Cash at bank and in hand		7,742		15,883
		11,525		20,918
CREDITORS: Amounts falling due within one year		22,989		32,727
NET CURRENT LIABILITIES			(11,464)		(11,809)
TOTAL ASSETS LESS CURRENT LIABILITIES			532		6,702

CAPITAL AND RESERVES

Called up share capital	5		2		2
Profit and loss account			530		6,700
SHAREHOLDERS' FUNDS			532		6,702


Registered Number: 07847419

For the year ending 31/03/2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 06/07/2015 and signed on their behalf by




Mr I B Churchill
Director



.............................
Mrs S A Churchill

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Tangible Assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance




1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.




1e. Turnover
Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.




1f. Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of 20 years.




4. DEBTORS	2015	2014
	£	£

Amounts falling due within one year:
Trade debtors	3,662	4,846
	3,662	4,846




5. SHARE CAPITAL	2015	2014
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2




6. RELATED PARTY TRANSACTIONS
The company was controlled throughout the period by Mr I B Churchill & Mrs S A Churchill.




7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
At the end of the period, the company was indebted to Mr I B Churchill and Mrs S A Churchill in the sum of £19,714. This amount was unsecured and interest free.