ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

THETFORD GUNS & COUNTRY CLOTHING LIMITED - Company Information

Print Friendly Version

06834080 2014-08-01 false true 2015-07-312015-07-31 06834080 c:EntityAccountantsOrAuditors 2015-07-31 06834080 2014-08-01 2015-07-31 06834080 2015-07-31 06834080 2014-07-31 06834080 d:FixturesFittingsToolsEquipment 2014-08-01 2015-07-31 06834080 c:OrdinaryShareClass1 2015-07-31 06834080 c:OrdinaryShareClass1 2014-07-31 06834080 c:OrdinaryShareClass1 2014-08-01 2015-07-31 06834080 c:Director2 2014-08-01 2015-07-31 06834080 d:OfficeEquipment 2014-08-01 2015-07-31 06834080 d:PlantMachinery 2014-08-01 2015-07-31 06834080 d:ProvisionsForDeferredTaxation 2014-07-31 06834080 c:EntityAccountantsOrAuditors 2014-08-01 2015-07-31 xbrli:shares iso4217:GBP

Registered number: 06834080










THETFORD GUNS & COUNTRY CLOTHING LIMITED








UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015
 
THETFORD GUNS & COUNTRY CLOTHING LIMITED
 

CONTENTS


Page

 
 
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the abbreviated accounts
 
 
4
 
THETFORD GUNS & COUNTRY CLOTHING LIMITED
 
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THETFORD GUNS & COUNTRY CLOTHING LIMITED
FOR THE YEAR ENDED 31 JULY 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Thetford Guns & Country Clothing Limited for the year ended 31 July 2015 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.


This report is made solely to the Board of directors of Thetford Guns & Country Clothing Limited, as a body, in accordance with the terms of our engagement letter dated 27 October 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Thetford Guns & Country Clothing Limited and state those matters that we have agreed to state to the Board of directors of Thetford Guns & Country Clothing Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Thetford Guns & Country Clothing Limited and its Board of directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Thetford Guns & Country Clothing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and profit. You consider that Thetford Guns & Country Clothing Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Thetford Guns & Country Clothing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

28 April 2016
Page 1
 
THETFORD GUNS & COUNTRY CLOTHING LIMITED
REGISTERED NUMBER: 06834080

ABBREVIATED BALANCE SHEET
AS AT 31 JULY 2015

2015
2014
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
5,950
4,693
 
CURRENT ASSETS





 
Stocks
159,735
160,753

 
Debtors
10,544
11,337

 
Cash at bank

77,050
41,813







 
247,329
213,903
 
CREDITORS: amounts falling due within one year
(142,466)
(138,519)
 
NET CURRENT ASSETS


104,863

75,384
 
TOTAL ASSETS LESS CURRENT LIABILITIES
110,813
80,077
 
PROVISIONS FOR LIABILITIES





 
Deferred tax
(1,190)
(939)

NET ASSETS




 109,623


 79,138
  
CAPITAL AND RESERVES

 
Called up share capital
3
1,000
1,000
 
Profit and loss account
108,623
78,138
 
SHAREHOLDERS' FUNDS
 

 109,623

 79,138


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 July 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


Page 2
 
THETFORD GUNS & COUNTRY CLOTHING LIMITED
 
    
ABBREVIATED BALANCE SHEET (continued)
AS AT 31 JULY 2015

The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by: 





................................................
C A Blake
Director

Date: 28 April 2016

The notes on page 4 form part of these financial statements.

Page 3
 
THETFORD GUNS & COUNTRY CLOTHING LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2015

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

1.3
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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery
-
25% Reducing Balance
Fixtures and fittings
-
25% Reducing Balance
Office equipment
-
25% Reducing Balance


2.TANGIBLE FIXED ASSETS



£


Cost 


At 1 August 2014
9,979

Additions
3,154


At 31 July 2015

13,133



Depreciation


At 1 August 2014
5,286

Charge for the year
1,897


At 31 July 2015

7,183




Net book value


At 31 July 2015
 5,950


At 31 July 2014

 4,693


3.SHARE CAPITAL
        2015
        2014
        £

        £

Allotted, called up and fully paid



1,000 Ordinary shares of £1 each
 1,000
 1,000

Page 4