Albert Road Laundrycare Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03227425 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

Albert Road Laundrycare Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J D Fairbairn

Mrs V M Fairbairn

SECRETARY:

J D Fairbairn

REGISTERED OFFICE:

145 Albert Road

Southsea

Hampshire

PO4 0JW

REGISTERED NUMBER:

03227425 (England and Wales)

ACCOUNTANTS:

Lowndes & Co Limited

Accountants and Consultants

28a Seymour Road

Lee on the Solent

Hampshire

PO13 9EG

FIXED ASSETS

Tangible assets

2

631

721

CURRENT ASSETS

Stocks

13

13

Cash in hand

37,407

6,504

37,420

6,517

CREDITORS

Amounts falling due within one year

32,769

1,908

NET CURRENT ASSETS

4,651

4,609

TOTAL ASSETS LESS CURRENT LIABILITIES

5,282

5,330

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

5,182

5,230

SHAREHOLDERS' FUNDS

5,282

5,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 18 February 2016 and were signed on its behalf by:

J D Fairbairn - 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 & fittings

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

3,092

DEPRECIATION

At 1 August 2014

2,371

Charge for year

90

At 31 July 2015

2,461

NET BOOK VALUE

At 31 July 2015

631

At 31 July 2014

721

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

100

Ordinary

£1

100

100