ITEX_FABRICS_LIMITED - Accounts

ITEX FABRICS LIMITED - Company Information

Print Friendly Version

Company Registration No. 08267716 (England and Wales)

ITEX FABRICS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

ITEX FABRICS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

ITEX FABRICS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2014

- 1 -

2014

2013

Notes

Current assets

Debtors

857

218

Cash at bank and in hand

4,611

3,039

5,468

3,257

Creditors: amounts falling due within one year

(23,387)

(15,278)

Total assets less current liabilities

(17,919)

(12,021)

Capital and reserves

Called up share capital

100

Profit and loss account

(18,019)

(12,121)

Shareholders' funds

(17,919)

(12,021)

For the financial year ended 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 30 July 2015

Mr C G Rhodes

Director

Company Registration No. 08267716

ITEX FABRICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company is reliant on the support of its connected companies. Although the loans are repayable on demand, the connected companies have given assurance that they will not need to be repaid in the foreseeable future.

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100