Abbreviated Company Accounts - URBAN GIRL CLOTHING LIMITED

URBAN GIRL CLOTHING LIMITED - Company Information

Registered Number 07829059

URBAN GIRL CLOTHING LIMITED

Abbreviated Accounts

31 October 2013

URBAN GIRL CLOTHING LIMITED Registered Number 07829059

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	-	23,203
Tangible assets	3	-	49,822
		-	73,025
Current assets
Stocks		52,500	102,623
Debtors		25,929	68,277
Cash at bank and in hand		10	11,941
		78,439	182,841
Creditors: amounts falling due within one year	4	(659,981)	(653,650)
Net current assets (liabilities)		(581,542)	(470,809)
Total assets less current liabilities		(581,542)	(397,784)
Total net assets (liabilities)		(581,542)	(397,784)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(581,642)	(397,884)
Shareholders' funds		(581,542)	(397,784)

For the year ending 31 October 2013 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.

Approved by the Board on 25 July 2014

And signed on their behalf by:
N Gill, Director

URBAN GIRL CLOTHING LIMITED Registered Number 07829059

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold 20% straight line
Plant and machinery 25% straight line

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 November 2012	29,004
Additions	-
Disposals	(29,004)
Revaluations	-
Transfers	-
At 31 October 2013	0
Amortisation
At 1 November 2012	5,801
Charge for the year	-
On disposals	(5,801)
At 31 October 2013	0
Net book values
At 31 October 2013	0
At 31 October 2012	23,203

3Tangible fixed assets

	£
Cost
At 1 November 2012	64,853
Additions	-
Disposals	(64,853)
Revaluations	-
Transfers	-
At 31 October 2013	0
Depreciation
At 1 November 2012	15,031
Charge for the year	-
On disposals	(15,031)
At 31 October 2013	0
Net book values
At 31 October 2013	0
At 31 October 2012	49,822

4Creditors

	2013 £	2012 £
Secured Debts	-	184,459