Etc Stores Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05599258 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

ETC STORES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G Brown

M R Frith

SECRETARY:

M R Frith

REGISTERED OFFICE:

Meteor House

Manby Park

Louth

Lincolnshire

LN11 8UT

REGISTERED NUMBER:

05599258 (England and Wales)

ACCOUNTANTS:

Prime

Chartered Accountants

Corner Oak

1 Homer Road

Solihull

B91 3QG

FIXED ASSETS

Tangible assets

2

7,176

10,696

CURRENT ASSETS

Stocks

74,820

69,863

Debtors

2,088

3,488

Cash at bank

4,436

3,525

81,344

76,876

CREDITORS

Amounts falling due within one year

79,957

62,359

NET CURRENT ASSETS

1,387

14,517

TOTAL ASSETS LESS CURRENT LIABILITIES

8,563

25,213

PROVISIONS FOR LIABILITIES

-

1,961

NET ASSETS

8,563

23,252

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

8,463

23,152

SHAREHOLDERS' FUNDS

8,563

23,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 13 August 2015 and were signed on its behalf by:

G Brown - 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.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

20% 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.

Deferred tax

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

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

28,306

Additions

1,547

Disposals

(6,076

)

At 31 December 2014

23,777

DEPRECIATION

At 1 January 2014

17,610

Charge for year

3,966

Eliminated on disposal

(4,975

)

At 31 December 2014

16,601

NET BOOK VALUE

At 31 December 2014

7,176

At 31 December 2013

10,696

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100