BUILD_YOUR_BEARS_WARDROBE - Accounts

BUILD YOUR BEARS WARDROBE LTD - Company Information

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Company Registration No. 8873594 (England and Wales)

BUILD YOUR BEARS WARDROBE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2015

BUILD YOUR BEARS WARDROBE LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BUILD YOUR BEARS WARDROBE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

Notes

Fixed assets

Intangible assets

58,180

Tangible assets

1,160

59,340

Current assets

Stocks

160,000

Cash at bank and in hand

2,236

162,236

Creditors: amounts falling due within one year

(53,450)

Net current assets

108,786

Total assets less current liabilities

168,126

Creditors: amounts falling due after more than one year

(200,000)

(31,874)

Capital and reserves

Called up share capital

100

Profit and loss account

(31,974)

Shareholder's funds

(31,874)

For the financial Period ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 October 2015

Mrs J V Russell

Director

Company Registration No. 8873594

BUILD YOUR BEARS WARDROBE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company meets its day to day working capital requirements through long term funding from the director and sole shareholder totalling £200,000.

On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the long term funding by the company's director and shareholder.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Goodwill

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

1.5

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.6

Tangible fixed assets and depreciation

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:

Fixtures, fittings & equipment

33% straight line

BUILD YOUR BEARS WARDROBE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2015

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 3 February 2014

Additions

64,625

1,663

66,288

At 31 March 2015

64,625

1,663

66,288

Depreciation

At 3 February 2014

Charge for the period

6,445

503

6,948

At 31 March 2015

6,445

503

6,948

Net book value

At 31 March 2015

58,180

1,160

59,340

Share capital

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

During the period 100 ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide additional working capital.