Candywax Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07769849 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Candywax Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss A Winstanley

REGISTERED OFFICE:

6 Nottingham Road

Long Eaton

Nottingham

Nottinghamshire

NG10 1HP

REGISTERED NUMBER:

07769849 (England and Wales)

ACCOUNTANTS:

Phipp & Co (Accountants) Limited

6 Nottingham Road

Long Eaton

Nottingham

Nottinghamshire

NG10 1HP

FIXED ASSETS

Tangible assets

2

1,258

1,302

CURRENT ASSETS

Debtors

7,555

4,971

Cash at bank and in hand

2,209

4,082

9,764

9,053

CREDITORS

Amounts falling due within one year

1,284

3,235

NET CURRENT ASSETS

8,480

5,818

TOTAL ASSETS LESS CURRENT LIABILITIES

9,738

7,120

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

9,737

7,119

SHAREHOLDERS' FUNDS

9,738

7,120

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 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 28 September 2015 and were signed by:

Miss A Winstanley - 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

-

50% on cost

Fixtures and fittings

-

20% on cost

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

2,722

Additions

815

At 31 December 2014

3,537

DEPRECIATION

At 1 January 2014

1,420

Charge for year

859

At 31 December 2014

2,279

NET BOOK VALUE

At 31 December 2014

1,258

At 31 December 2013

1,302

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

1

1

1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 December 2014 and 31 December 2013:

2014

2013

£

£

Miss A Winstanley

Balance outstanding at start of year

2,668

-

Amounts advanced

-

2,668

Amounts repaid

(287

)

-

Balance outstanding at end of year

2,381

2,668