Baartmans and Siegel Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07289881 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Baartmans and Siegel Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr W Baartmans

Ms A Siegel

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

07289881 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

2

1,150

1,532

CURRENT ASSETS

Stocks

16,750

5,000

Debtors

26,566

23,571

Cash at bank

-

3,617

43,316

32,188

CREDITORS

Amounts falling due within one year

43,578

43,328

NET CURRENT LIABILITIES

(262

)

(11,140

)

TOTAL ASSETS LESS CURRENT LIABILITIES

888

(9,608

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

886

(9,610

)

SHAREHOLDERS' FUNDS

888

(9,608

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 31 March 2016 and were signed on its behalf by:

Mr W Baartmans - 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

2,279

DEPRECIATION

At 1 July 2014

747

Charge for year

382

At 30 June 2015

1,129

NET BOOK VALUE

At 30 June 2015

1,150

At 30 June 2014

1,532

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

2

Ordinary

£1

2

2

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £8,000 were paid to the directors .

Mr W Baartmans

Director

This loan is interest free.

30.6.15

30.6.14

£

£

Amount due to related party at the balance sheet date

10,443

13,849

Ms A Siegel

Director

This loan is interest free.

30.6.15

30.6.14

£

£

Amount due to related party at the balance sheet date

10,443

13,849

5.	ULTIMATE CONTROLLING PARTY

The company is under the control of its directors, who between them, hold the entire ordinary share capital.