Accounts filed on 31-05-2015


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31/05/2015

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 05465368


Registered Number: 05465368

BALANCE SHEET AT 31/05/2015

			2015		2014
	Notes		£		£


CURRENT ASSETS
Stock		728,657		803,302
Debtors (amounts falling due within one year)	2	3,076,128		3,769,014
Cash at bank and in hand		422,997		704,280
		4,227,782		5,276,596
CREDITORS: Amounts falling due within one year		2,376,793		2,908,697
NET CURRENT ASSETS			1,850,989		2,367,899
TOTAL ASSETS LESS CURRENT LIABILITIES			1,850,989		2,367,899


CREDITORS: Amounts falling due after more than one year	3		1,666,238		2,284,631

NET ASSETS			184,751		83,268

CAPITAL AND RESERVES

Called up share capital	4		2		2
Profit and loss account			184,749		83,266
SHAREHOLDERS' FUNDS			184,751		83,268

For the year ending 31/05/2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the board on 19/01/2015 and signed on their behalf by




Igor BAUER
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Stocks
Stock and work in progress are valued at the lower of cost and and net realisable value, after due regard for obsolete and slow moving stocks.




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




2. DEBTORS	2015	2014
	£	£

Amounts falling due within one year:
Trade debtors	3,045,234	3,738,120
Other debtors	30,894	30,894
	3,076,128	3,769,014




3. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2015	2014
	£	£
Other creditors	1,666,238	2,284,631
	1,666,238	2,284,631




4. SHARE CAPITAL	2015	2014
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2