YOURS LOCALLY LIMITED - Abbreviated accounts

YOURS LOCALLY LIMITED - Company Information

Registered number

07991635

YOURS LOCALLY LIMITED

Abbreviated Accounts

31 March 2015

YOURS LOCALLY LIMITED
Registered number:		07991635
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		1,322			838

Current assets
Stocks		2,750			2,250
Debtors		311			1,305
Cash at bank and in hand		589			130
		3,650			3,685

Creditors: amounts falling due within one year		(18,789)			(13,652)

Net current liabilities			(15,139)			(9,967)

Net liabilities			(13,817)			(9,129)

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			(13,818)			(9,130)

Shareholder's funds			(13,817)			(9,129)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



C Williams
Director
Approved by the board on 18 December 2015

YOURS LOCALLY LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 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.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Going concern
	The company's balance sheet shows a deficit at 31 March 2014. The director considers this to be a temporary position only and expects the company to return to a solvent position in the foreseeable future. In the meantime, the company's director will continue to provide adequate funding to finance the company's activities and to enable it to settle its liabilities as and when they fall due for repayment. Accordingly, the director considers that the company is a going concern and that its accounts are properly prepared on that basis.


2	Tangible fixed assets					£

	Cost
	At 1 April 2014					1,118
	Additions					1,018
	At 31 March 2015					2,136

	Depreciation
	At 1 April 2014					280
	Charge for the year					534
	At 31 March 2015					814

	Net book value
	At 31 March 2015					1,322
	At 31 March 2014					838



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

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each				1