The Soho Furrier Ltd,Ltd - Accounts

The Soho Furrier Ltd,Ltd - Accounts

THE SOHO FURRIER LTD - Company Information

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2014-07-01 true false Private Limited Company 07902506 2015-06-30 07902506 2014-07-01 2015-06-30 07902506 2014-06-30 07902506 2013-07-01 2014-06-30 07902506 uk-bus:Director1 2014-07-01 2015-06-30 07902506 uk-gaap:FixturesFittings 2014-07-01 2015-06-30 07902506 uk-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP
The Soho Furrier Ltd
For the year ended 30 June 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07902506
2
Contents Page
The Soho Furrier Ltd
For the year ended 30 June 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
The Soho Furrier Ltd
As at 30 June 2015
07902506
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
7,121
9,639
7,121
9,639
Current assets
Stocks
6,296
14,160
Cash at bank and in hand
2,216
-
16,376
6,296
Creditors: amounts falling due within one year
(35,935)
(74,313)
(29,639)
(57,937)
Net current liabilities
Total assets less current liabilities
(50,816)
(20,000)
(50,816)
Net liabilities
(20,000)
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
(50,916)
(20,100)
(50,816)
(20,000)
Shareholders funds
For the 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: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 30 March 2016
Mrs Claire Wright Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
For the year ended 30 June 2015
The Soho Furrier Ltd
1 Accounting Policies
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings
20% Straight line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Stocks held on consignment are included in stock in the financial statements when the terms under which they are held and commercial practice indicate that the main risks and rewards of ownership rest with the company.
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5
Notes to the Abbreviated Financial Statements
For the year ended 30 June 2015
The Soho Furrier Ltd
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
12,590
At 01 July 2014
At 30 June 2015
12,590
Depreciation
2,951
At 01 July 2014
2,518
Charge for year
5,469
At 30 June 2015
Net book values
At 30 June 2015
7,121
9,639
At 30 June 2014
3 Share capital
Allotted called up and fully paid
2015
2014
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
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