Abbreviated Company Accounts - KARENS CARPETS LIMITED

KARENS CARPETS LIMITED - Company Information

Registered Number 04876690

KARENS CARPETS LIMITED

Abbreviated Accounts

31 August 2015

KARENS CARPETS LIMITED Registered Number 04876690

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	233	297
		233	297
Current assets
Stocks		300	697
Debtors		388	-
Cash at bank and in hand		241	185
		929	882
Creditors: amounts falling due within one year		(24,807)	(26,752)
Net current assets (liabilities)		(23,878)	(25,870)
Total assets less current liabilities		(23,645)	(25,573)
Total net assets (liabilities)		(23,645)	(25,573)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(23,745)	(25,673)
Shareholders' funds		(23,645)	(25,573)

For the year ending 31 August 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 21 April 2016

And signed on their behalf by:
Paul Joseph Beasley, Director

KARENS CARPETS LIMITED Registered Number 04876690

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles - 25% Reducing Balance
Fixtures & Fittings - 15% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 September 2014	4,672
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	4,672
Depreciation
At 1 September 2014	4,375
Charge for the year	64
On disposals	-
At 31 August 2015	4,439
Net book values
At 31 August 2015	233
At 31 August 2014	297