THE SCHOOLWEAR SHOP LTD Accounts filed on 31-05-2015

THE SCHOOLWEAR SHOP LTD - Company Information

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THE SCHOOLWEAR SHOP LTD

Company Registration Number:
05215700 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st June 2014

End date: 31st May 2015

SUBMITTED

Company Information
for the Period Ended 31st May 2015

Director:		Sally Emma Dowzell



Company secretary:		Trevor John Bayliss



Registered office:		34 Sorrel Close
		Wootton

		Northampton

		NN4 6EY




Company Registration Number:		05215700 (England and Wales)

Abbreviated Balance sheet
As at 31st May 2015

	Notes	2015 £	2014 £
Fixed assets
Tangible assets:	7	226,612	235,252
Total fixed assets:		226,612	235,252
Current assets
Stocks:		243,199	237,342
Debtors:	9	12,128	8,795
Cash at bank and in hand:		24,747	16,515
Total current assets:		280,074	262,652
Creditors
Creditors: amounts falling due within one year	10	124,168	105,828
Net current assets (liabilities):		155,906	156,824
Total assets less current liabilities:		382,518	392,076
Creditors: amounts falling due after more than one year:	11	250,398	315,000
Total net assets (liabilities):		132,120	77,076

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st May 2015
continued

	Notes	2015 £	2014 £
Capital and reserves
Called up share capital:	12	100	100
Profit and Loss account:		132,020	76,976
Total shareholders funds:		132,120	77,076

For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 24 July 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Sally Emma Dowzell
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2015

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention with accruals and prepayments applied as appropriate.

Turnover policy

Turnover excludes VAT and relates in the main to the Company's principal activity as a schoolwear retailer. It includes minor income from residential property rental.

Tangible fixed assets depreciation policy

Depreciation is provided on a straight line basis at rates between 10% and 20% to write off assets over their estimated useful lives. Freehold property is stated at cost.

Valuation information and policy

Stock items are stated at the lower of cost or net realisable value. Cost includes the outlay on staff salaries & materials etc., incurred on in-house garment embroidery.

Other accounting policies

All reported amounts in the financial statements exclude VAT.

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2015

7. Tangible assets

	Total
Cost	£
At 01st June 2014:	313,836
Disposals:	12,413
At 31st May 2015:	301,423
Depreciation
At 01st June 2014:	78,584
Charge for year:	8,640
On disposals:	12,413
At 31st May 2015:	74,811
Net book value
At 31st May 2015:	226,612
At 31st May 2014:	235,252

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2015

9. Debtors

	2015 £	2014 £
Other debtors:	849	1,411
Prepayments and accrued income:	11,279	7,384
Total:	12,128	8,795

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2015

10. Creditors: amounts falling due within one year

	2015 £	2014 £
Trade creditors:	28,794	14,365
Taxation and social security:	24,616	17,575
Accruals and deferred income:	12,604	13,399
Other creditors:	58,154	60,489
Total:	124,168	105,828

Other creditors relate to the Director's interest free loan account repayable on demand.

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2015

11. Creditors: amounts falling due after more than one year

	2015 £	2014 £
Other creditors:	250,398	315,000
Total:	250,398	315,000

This relates to two fixed interest unsecured revolving loan facilities totaling £500,000. Interest is payable on 31st March each year and the loans are repayable on 31st March 2023 or earlier at the Company's option.

Notes to the Abbreviated Accounts
for the Period Ended 31st May 2015

12. Called up share capital

Allotted, called up and paid

Previous period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

Current period			2015
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	100	1.00 1.00	100
Total share capital:			100

THE SCHOOLWEAR SHOP LTD Accounts filed on 31-05-2015