A J Carpets Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04894319 (England and Wales)

A J Carpets Limited

Abbreviated Unaudited Accounts

for the Year Ended

30 April 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTORS:

K C Sparkes

Mrs P A Sparkes

SECRETARY:

K C Sparkes

REGISTERED OFFICE:

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

REGISTERED NUMBER:

04894319 (England and Wales)

ACCOUNTANTS:

Haines Watts

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

FIXED ASSETS

Tangible assets

2

280

-

CURRENT ASSETS

Stocks

1,624

1,489

Debtors

33,638

22,731

35,262

24,220

CREDITORS

Amounts falling due within one year

35,494

23,992

NET CURRENT (LIABILITIES)/ASSETS

(232

)

228

TOTAL ASSETS LESS CURRENT LIABILITIES

48

228

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

46

226

SHAREHOLDERS' FUNDS

48

228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 21 August 2014 and were signed on its behalf by:

K C Sparkes - 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.

Motor vehicles

-

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

373

At 30 April 2014

373

DEPRECIATION

Charge for year

93

At 30 April 2014

93

NET BOOK VALUE

At 30 April 2014

280

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2014 and 30 April 2013:

2014

2013

£

£

K C Sparkes and Mrs P A Sparkes

Balance outstanding at start of year

(1,794

)

3,126

Amounts advanced

25,023

-

Amounts repaid

-

(4,920

)

Balance outstanding at end of year

23,229

(1,794

)

The above directors advance is unsecured and interest free. It will be repaid by way of a dividend within 9 months of the

year end.