Celebrations of Stourbridge Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07056421 (England and Wales)

CELEBRATIONS OF STOURBRIDGE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH JUNE 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R H Eames

Mrs L H Didehvar

REGISTERED OFFICE:

47 High Street

Stourbridge

West Midlands

DY8 1DE

REGISTERED NUMBER:

07056421 (England and Wales)

FIXED ASSETS

Tangible assets

2

39,695

46,700

CURRENT ASSETS

Stocks

71,360

69,195

Debtors

21,415

25,192

Cash at bank and in hand

26,658

18,526

119,433

112,913

CREDITORS

Amounts falling due within one year

27,499

25,640

NET CURRENT ASSETS

91,934

87,273

TOTAL ASSETS LESS CURRENT LIABILITIES

131,629

133,973

CREDITORS

Amounts falling due after more than one year

125,164

133,564

NET ASSETS

6,465

409

CAPITAL AND RESERVES

Called up share capital

3

60,000

60,000

Profit and loss account

(53,535

)

(59,591

)

SHAREHOLDERS' FUNDS

6,465

409

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 4th September 2015 and were signed on its behalf by:

R H Eames - 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 is comprised of the sale of cards and gifts excluding vat.

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

-

15% on reducing balance

Computer equipment

-

33% 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.

Going concern

The going concern basis has been adopted in preparing these financial statements as R H Eames the companies

shareholder has confirmed that it is his intention to continue to support the company.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2014

and 30th June 2015

94,209

DEPRECIATION

At 1st July 2014

47,509

Charge for year

7,005

At 30th June 2015

54,514

NET BOOK VALUE

At 30th June 2015

39,695

At 30th June 2014

46,700

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

60,000

Ordinary

£1

60,000

60,000