We Are Boutique Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08984756 (England and Wales)

Abbreviated Unaudited Accounts

for the Period

8 April 2014 to 30 April 2015

for

We Are Boutique Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

480,000

Tangible assets

3

10,032

490,032

CURRENT ASSETS

Debtors

670,254

Cash at bank and in hand

201,809

872,063

CREDITORS

Amounts falling due within one year

(1,032,152

)

NET CURRENT LIABILITIES

(160,089

)

TOTAL ASSETS LESS CURRENT LIABILITIES

329,943

CREDITORS

Amounts falling due after more than one year

(160,000

)

PROVISIONS FOR LIABILITIES

(409

)

NET ASSETS

169,534

CAPITAL AND RESERVES

Called up share capital

4

200

Share premium

18

Profit and loss account

169,316

SHAREHOLDERS' FUNDS

169,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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 15 July 2015 and were signed on its behalf by:

S J Bollon - Director

S A Smythson - Director

E J W Jones - 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

600,000

At 30 April 2015

600,000

AMORTISATION

Amortisation for period

120,000

At 30 April 2015

120,000

NET BOOK VALUE

At 30 April 2015

480,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

11,950

At 30 April 2015

11,950

DEPRECIATION

Charge for period

1,918

At 30 April 2015

1,918

NET BOOK VALUE

At 30 April 2015

10,032

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

55

Ordinary D1

£1

55

35

Ordinary D2

£1

35

10

Ordinary D3

£1

10

51

Ordinary M1

£1

51

35

Ordinary M2

£1

35

14

Ordinary M3

£1

14

200

The following shares were issued during the period:

55 Ordinary D1 shares of £1 for cash of £ 65

35 Ordinary D2 shares of £1 for cash of £ 41

10 Ordinary D3 shares of £1 for cash of £12

51 Ordinary M1 shares of £1 for cash of £51

35 Ordinary M2 shares of £1 for cash of £35

14 Ordinary M3 shares of £1 for cash of £14