123 Web Shops Limited - Limited company - abbreviated

REGISTERED NUMBER: 06881158 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 31 March 2015

for

123 Web Shops Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S P Thorp

SECRETARY:

REGISTERED OFFICE:

60 Sluice Road

Wiggenhall St Germans

Kings Lynn

Norfolk

PE34 3EF

REGISTERED NUMBER:

06881158 (England and Wales)

ACCOUNTANTS:

Hamilton Blake

Thornton House

17 London Street

Swaffham

Norfolk

PE37 7DD

FIXED ASSETS

Tangible assets

2

332

444

CURRENT ASSETS

Stocks

16,100

13,000

Cash at bank

3,505

3,932

19,605

16,932

CREDITORS

Amounts falling due within one year

17,871

15,418

NET CURRENT ASSETS

1,734

1,514

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,066

1,958

PROVISIONS FOR LIABILITIES

66

118

NET ASSETS

2,000

1,840

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

1,999

1,839

SHAREHOLDERS' FUNDS

2,000

1,840

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 his 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 9 December 2015 and were signed by:

S P Thorp - 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

675

DEPRECIATION

At 1 April 2014

231

Charge for year

112

At 31 March 2015

343

NET BOOK VALUE

At 31 March 2015

332

At 31 March 2014

444

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/15

31/3/14

value:

£

1

Ordinary

1

123 Web Shops Limited - Limited company - abbreviated - 11.9

123 Web Shops Limited - Limited company - abbreviated - 11.9