THE 400 COMPANY LIMITED - Abbreviated accounts

THE 400 COMPANY LIMITED - Company Information

Registered number

02984684

THE 400 COMPANY LIMITED

ABBREVIATED ACCOUNTS

27 FEBRUARY 2015

THE 400 COMPANY LIMITED

ABBREVIATED BALANCE SHEET

as at 27 February 2015
Company Registration No.		02984684


Notes				2015			2014
£					£
Fixed assets
Tangible assets		2		343,272			288,698

Current assets
Stocks			324,200			185,000
Debtors			103,887			97,629
Cash at bank and in hand			215			12,614
			428,302			295,243

Creditors: amounts falling due within one year			(627,078)			(404,804)

Net current liabilities				(198,776)			(109,561)

Total assets less current liabilities				144,496			179,137

Creditors: amounts falling due after more than one year				(75,185)			(114,480)

Provisions for liabilities				(29,963)			(29,963)


Net assets				39,348			34,694

Capital and reserves
Called up share capital		3		2			2
Profit and loss account				39,346			34,692

Shareholders' funds				39,348			34,694

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

Directors' responsibilities:
-	The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-	The directors acknowledge their responsibilities for complying with the requirements of the act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective April 2008).





Approved by the board on 26 November 2015



………………………………………
Mark Sloper
Director

THE 400 COMPANY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 27 FEBRUARY 2015


1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

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

	Fixtures, fittings and equipment			Owned assets - 18% reducing balance
	Motor vehicles			25% reducing balance

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	At 28 February 2014					1,017,241
	Additions					119,788
	Disposals					(14,722)
	At 27 February 2015					1,122,307

	Depreciation
	At 28 February 2014					728,543
	Charge for the year					57,082
	On disposals					(6,590)
	At 27 February 2015					779,035

	Net book value
	At 27 February 2015					343,272
	At 27 February 2014					288,698


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2