Freight Shop Ltd,Ltd - Accounts

Freight Shop Ltd,Ltd - Accounts

FREIGHT SHOP LTD - Company Information

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2014-05-01 true false Private Limited Company 08987735 2015-04-30 08987735 2014-05-01 2015-04-30 08987735 uk-bus:Director1 2014-05-01 2015-04-30 08987735 uk-bus:Director2 2014-05-01 2015-04-30 08987735 uk-gaap:PlantMachinery 2014-05-01 2015-04-30 08987735 uk-gaap:ComputerEquipment 2014-05-01 2015-04-30 iso4217:GBP
Freight Shop Ltd
For the year ended 30 April 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08987735
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Contents Page
Freight Shop Ltd
For the year ended 30 April 2015
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
3
Accountants' Report
For the year ended 30 April 2015
Freight Shop Ltd
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of Freight Shop Ltd for the year ended 30 April 2015 which comprise the Profit and Loss Account,
the Balance Sheet and the related notes from the company's accounting records and from information and
explanations you have given us.
As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and
other professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of Freight Shop Ltd, as a body, in accordance with the
terms of our engagement letter dated 6 October 2015. Our work has been undertaken solely to prepare for
your approval the accounts of Freight Shop Ltd and state those matters that we have agreed to state to the
Board of Directors of Freight Shop Ltd, as a body, in this report in accordance with the requirements of the
Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To
the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Freight
Shop Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Freight Shop Ltd has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and loss of Freight Shop Ltd.
You consider that Freight Shop Ltd is exempt from the statutory audit requirement for the year.
Armstrong Hunt
Chartered Certified Accountants
20 High Street
Lewes
East Sussex
BN7 2LN
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Abbreviated Balance Sheet
Freight Shop Ltd
As at 30 April 2015
08987735
Registered Number :
£
2015
Notes
Fixed assets
Tangible assets
2
15,756
15,756
Current assets
Stocks
14,382
Cash at bank and in hand
15,950
30,332
Creditors: amounts falling due within one year
(57,098)
(26,766)
Net current liabilities
Total assets less current liabilities
(11,010)
(11,010)
Net assets/liabilities
Capital and reserves
Called up share capital
2
Profit and loss account
(11,012)
(11,010)
Shareholders funds
For the year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 08 January 2016
Mrs Helene Lydia Adamczewski Director
Signed on behalf of the board of directors
Miss Adele Adamczewski Director
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Notes to the Abbreviated Financial Statements
For the year ended 30 April 2015
Freight Shop Ltd
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Product Development
20% Straight line
Website Development
20% Straight line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible
fixed assets
Cost or valuation
£
19,694
Additions
At 30 April 2015
19,694
Depreciation
3,938
Charge for year
3,938
At 30 April 2015
Net book values
At 30 April 2015
15,756
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