Glamorous Of Knutsford Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07199751 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 July 2015

for

Glamorous Of Knutsford Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Miss T Tiller

Mrs D Bradbury

SECRETARY:

Mrs D Bradbury

REGISTERED OFFICE:

121 King Street

Knutsford

Cheshire

WA16 6EH

REGISTERED NUMBER:

07199751 (England and Wales)

ACCOUNTANTS:

John Greenall & Co Limited

20 Crewe Road

Sandbach

Cheshire

CW11 4NE

FIXED ASSETS

Tangible assets

2

1,096

1,370

CURRENT ASSETS

Stocks

4,916

5,787

Cash at bank and in hand

4,494

5,519

9,410

11,306

CREDITORS

Amounts falling due within one year

9,983

12,461

NET CURRENT LIABILITIES

(573

)

(1,155

)

TOTAL ASSETS LESS CURRENT LIABILITIES

523

215

PROVISIONS FOR LIABILITIES

219

274

NET ASSETS/(LIABILITIES)

304

(59

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

302

(61

)

SHAREHOLDERS' FUNDS

304

(59

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 28 April 2016 and were signed on its behalf by:

Mrs D Bradbury - Director

Miss T Tiller - 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.

Fixtures and fittings

-

20% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

3,104

DEPRECIATION

At 1 August 2014

1,734

Charge for year

274

At 31 July 2015

2,008

NET BOOK VALUE

At 31 July 2015

1,096

At 31 July 2014

1,370

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

2

Ordinary

£1

2

2