Sophie Gass Limited - Limited company - abbreviated

REGISTERED NUMBER: 08059740 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

SOPHIE GASS LIMITED

Page

Company Information

1

Report of the Accountants

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

Ms S N Gass

REGISTERED OFFICE:

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

REGISTERED NUMBER:

08059740 (England and Wales)

ACCOUNTANTS:

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2015 set out on pages four to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Kirk Rice LLP

The Courtyard

High Street

Ascot

Berkshire

SL5 7HP

14 August 2015

FIXED ASSETS

Tangible assets

2

14,489

21,381

CURRENT ASSETS

Stocks

2,500

6,100

Debtors

23,509

26,428

Cash at bank and in hand

3,237

3,091

29,246

35,619

CREDITORS

Amounts falling due within one year

95,598

91,564

NET CURRENT LIABILITIES

(66,352

)

(55,945

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(51,863

)

(34,564

)

CAPITAL AND RESERVES

Called up share capital

3

200

Share premium

59,941

Profit and loss account

(112,004

)

(94,705

)

SHAREHOLDERS' FUNDS

(51,863

)

(34,564

)

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 director acknowledges her 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 director on 14 August 2015 and were signed by:

Ms S N Gass - 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 and services, excluding value added tax.

Tangible fixed assets

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

Short leasehold

-

Period of lease

Improvements to property

-

20% on cost

Fixtures and fittings

-

25% on cost

Stocks

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

moving items.

Going concern

The director has confirmed that she will not ask for her loan to be repaid until the company has sufficient funds

available.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

34,010

DEPRECIATION

At 1 April 2014

12,629

Charge for year

6,892

At 31 March 2015

19,521

NET BOOK VALUE

At 31 March 2015

14,489

At 31 March 2014

21,381

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

200

Ordinary

£1

200

4.	RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed the director Ms S N Gass £82,161 (2014 - £83,412). The loan is interest free and repayable on demand .

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms S N Gass.

Sophie Gass Limited - Limited company - abbreviated - 11.6

Sophie Gass Limited - Limited company - abbreviated - 11.6