Over The Top Textiles Limited - Limited company - abbreviated - 11.9

Over The Top Textiles Limited - Limited company - abbreviated - 11.9

OVER THE TOP TEXTILES LIMITED - Company Information

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REGISTERED NUMBER: 03370898 (England and Wales)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

OVER THE TOP TEXTILES LIMITED

OVER THE TOP TEXTILES LIMITED (REGISTERED NUMBER: 03370898)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

OVER THE TOP TEXTILES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2015







DIRECTOR: Mrs S A T Prince





REGISTERED OFFICE: Unit 6
Sketchley Meadows
Hinckley
Leicestershire
LE10 3EN





REGISTERED NUMBER: 03370898 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY
Page 1
OVER THE TOP TEXTILES LIMITED (REGISTERED NUMBER: 03370898)

ABBREVIATED BALANCE SHEET
31 MARCH 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 12,717 21,817
Tangible assets 3 78,811 78,783
91,528 100,600

CURRENT ASSETS
Stocks 34,687 32,846
Debtors 18,141 46,429
Cash at bank and in hand 78,231 57,788
131,059 137,063
CREDITORS
Amounts falling due within one year 119,881 160,342
NET CURRENT ASSETS/(LIABILITIES) 11,178 (23,279 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
102,706
77,321

CREDITORS
Amounts falling due after more than one
year
(31,262		 )
(40,742		 )

PROVISIONS FOR LIABILITIES (178 ) -
NET ASSETS 71,266 36,579

CAPITAL AND RESERVES
Called up share capital 4 5 5
Profit and loss account 71,261 36,574
SHAREHOLDERS' FUNDS 71,266 36,579

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 notes form part of these abbreviated accounts

Page 2 continued...
OVER THE TOP TEXTILES LIMITED (REGISTERED NUMBER: 03370898)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2015


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 17 November 2015 and were signed by:





Mrs S A T Prince - Director


The notes form part of these abbreviated accounts

Page 3
OVER THE TOP TEXTILES LIMITED (REGISTERED NUMBER: 03370898)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of ten years.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 72,800
AMORTISATION
At 1 April 2014 50,983
Amortisation for year 9,100
At 31 March 2015 60,083
NET BOOK VALUE

At 31 March 2015 12,717
At 31 March 2014 21,817

Page 4 continued...
OVER THE TOP TEXTILES LIMITED (REGISTERED NUMBER: 03370898)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 177,622
Additions 22,893
At 31 March 2015 200,515
DEPRECIATION
At 1 April 2014 98,839
Charge for year 22,865
At 31 March 2015 121,704
NET BOOK VALUE
At 31 March 2015 78,811
At 31 March 2014 78,783

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
5 Ordinary £1 5 5

Page 5