London Stores SW Ltd - Period Ending 2015-04-30

30 April 2015

Ordinary of £1 each

LONDON STORES SW LTD - Company Information

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Registration number: 08976985

London Stores SW Ltd

Unaudited Abbreviated Accounts

for the Period from 3 April 2014 to 30 April 2015

Tahas & Co Ltd
Certified Accountants & Tax Advisors
4 Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

London Stores SW Ltd
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
London Stores SW Ltd
for the Period Ended 30 April 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of London Stores SW Ltd for the period ended 30 April 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of London Stores SW Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of London Stores SW Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London Stores SW Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that London Stores SW 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 profit of London Stores SW Ltd. You consider that London Stores SW Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of London Stores SW Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Tahas & Co Ltd
Certified Accountants & Tax Advisors
4 Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

Date:.............................

Page 1

London Stores SW Ltd
(Registration number: 08976985)
Abbreviated Balance Sheet at 30 April 2015

	Note	30 April 2015 £
Fixed assets
Intangible fixed assets		112,484
Current assets
Stocks		31,817
Debtors		21,500
Cash at bank and in hand		942
		54,259
Creditors: Amounts falling due within one year		(165,067)
Net current liabilities		(110,808)
Net assets		1,676
Capital and reserves
Called up share capital	3	100
Profit and loss account		1,576
Shareholders' funds		1,676

For the year ending 30 April 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 29 January 2016 and signed on its behalf by:

.........................................
Mr Karthigesu Sasikumar
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

London Stores SW Ltd
Notes to the Abbreviated Accounts for the Period from 3 April 2014 to 30 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	Over 4 years

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

London Stores SW Ltd
Notes to the Abbreviated Accounts for the Period from 3 April 2014 to 30 April 2015
......... continued

2	Fixed assets

	Intangible assets £	Total £
Cost
Additions	133,312	133,312
At 30 April 2015	133,312	133,312
Depreciation
Charge for the period	20,828	20,828
At 30 April 2015	20,828	20,828
Net book value
At 30 April 2015	112,484	112,484

3	Share capital

Allotted, called up and fully paid shares

Page 4