SPECIAL_OCCASIONS_(GREETI - Accounts

SPECIAL OCCASIONS (GREETINGS) LIMITED - Company Information

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Company Registration No. 04752264 (England and Wales)

SPECIAL OCCASIONS (GREETINGS) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

SPECIAL OCCASIONS (GREETINGS) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

SPECIAL OCCASIONS (GREETINGS) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

262,377

Tangible assets

62,283

324,660

Current assets

Stocks

358,560

Debtors

366,457

342,659

Cash at bank and in hand

173,125

366,457

874,344

Creditors: amounts falling due within one year

(825,575)

Net current assets

366,457

48,769

Total assets less current liabilities

366,457

373,429

Creditors: amounts falling due after more than one year

(1,000)

Provisions for liabilities

(6,972)

365,457

Capital and reserves

Called up share capital

1,000

Profit and loss account

364,457

Shareholders' funds

365,457

SPECIAL OCCASIONS (GREETINGS) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2015

- 2 -

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 March 2016

Mr P L Taylor

Director

Company Registration No. 04752264

SPECIAL OCCASIONS (GREETINGS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents sales to third parties, net of value added tax, and is derived from the retail sale of greetings cards, confectionery and ancillary products. Revenue is recognised at the time goods are exchanged.

1.4

Goodwill

Goodwill purchased on the acquisition of a business is amortised evenly over its estimated useful life of twenty years.

1.5

Franchise fees

Franchise fees are written off over the period of each agreement. This is five years.

1.6

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Leasehold improvements

20% straight line

Fixtures, fittings & equipment

20% straight line and 15% reducing balance

Motor vehicles

25% reducing balance

1.7

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.8

Stock

Work in progress is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

SPECIAL OCCASIONS (GREETINGS) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 July 2014

591,228

504,741

1,095,969

Disposals

(591,228)

(504,741)

(1,095,969)

At 30 June 2015

Depreciation

At 1 July 2014

328,851

442,458

771,309

On disposals

(328,851)

(442,458)

(771,309)

At 30 June 2015

Net book value

At 30 June 2015

At 30 June 2014

262,377

62,283

324,660

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000

Ultimate parent company

The ultimate parent company is Cardzone 2012 Limited, a company registered in England and Wales.