Aegis Shoes Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03448032 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2015

for

Aegis Shoes Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Dennis

D M McNeil

Mrs G J McNeil

REGISTERED OFFICE:

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

REGISTERED NUMBER:

03448032 (England and Wales)

ACCOUNTANTS:

Willsons

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Tangible assets

2

5,794

11,341

CURRENT ASSETS

Stocks

192,500

236,821

Debtors

299,639

384,728

Cash at bank and in hand

37,016

20,444

529,155

641,993

CREDITORS

Amounts falling due within one year

3

332,148

414,994

NET CURRENT ASSETS

197,007

226,999

TOTAL ASSETS LESS CURRENT LIABILITIES

202,801

238,340

CREDITORS

Amounts falling due after more than one year

199,871

239,394

NET ASSETS/(LIABILITIES)

2,930

(1,054

)

CAPITAL AND RESERVES

Called up share capital

4

112

112

Profit and loss account

2,818

(1,166

)

SHAREHOLDERS' FUNDS

2,930

(1,054

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7 July 2015 and were signed on its behalf by:

D M McNeil - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance and Straight line over 3 years

Fixtures, fittings and equipment

-

20% / 30% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of

exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the

transactions. All differences are taken to the Profit and Loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

153,508

Additions

4,434

At 31 March 2015

157,942

DEPRECIATION

At 1 April 2014

142,167

Charge for year

9,981

At 31 March 2015

152,148

NET BOOK VALUE

At 31 March 2015

5,794

At 31 March 2014

11,341

3.

CREDITORS

Creditors include an amount of £ 174,149 (31.3.14 - £ 143,417 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

112

Ordinary

£1

112

112