Babylicious (1988) Ltd,Ltd - Accounts

Babylicious (1988) Ltd,Ltd - Accounts

BABYLICIOUS (1988) LTD - Company Information

Print Friendly Version

2014-08-01 true false Private Limited Company 06658339 2015-07-31 06658339 2014-08-01 2015-07-31 06658339 2014-07-31 06658339 2013-08-01 2014-07-31 06658339 uk-bus:Director1 2014-08-01 2015-07-31 06658339 uk-gaap:FixturesFittings 2014-08-01 2015-07-31 06658339 uk-gaap:PlantMachinery 2014-08-01 2015-07-31 06658339 uk-gaap:WithinOneYear 2015-07-31 06658339 uk-gaap:WithinOneYear 2014-07-31 06658339 uk-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP
Babylicious (1988) Ltd
For the year ended 31 July 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06658339
2
Contents Page
Babylicious (1988) Ltd
For the year ended 31 July 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Babylicious (1988) Ltd
As at 31 July 2015
06658339
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
14,367
16,902
14,367
16,902
Current assets
Stocks
89,236
74,236
Debtors
-
1,587
Cash at bank and in hand
8,725
1,957
84,548
91,193
Creditors: amounts falling due within one year
3
(128,631)
(136,268)
(37,438)
(51,720)
Net current liabilities
Total assets less current liabilities
(37,353)
(20,536)
(37,353)
Net liabilities
(20,536)
Capital and reserves
Called up share capital
2
4
2
Profit and loss account
(37,355)
(20,538)
(37,353)
(20,536)
Shareholders funds
For the year ended 31 July 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 April 2016
J. Davidson Director
Signed on behalf of the board of directors
1 of 3
4
Notes to the Abbreviated Financial Statements
Babylicious (1988) Ltd
For the year ended 31 July 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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.
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:
Plant and Machinery
15 Reducing balance
Leasehold Improvements
15 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 of 3
5
Notes to the Abbreviated Financial Statements
Babylicious (1988) Ltd
For the year ended 31 July 2015
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
23,271
At 01 August 2014
At 31 July 2015
23,271
Depreciation
6,369
At 01 August 2014
2,535
Charge for year
8,904
At 31 July 2015
Net book values
At 31 July 2015
14,367
16,902
At 31 July 2014
2015
3 Creditors: amounts falling due within one year
£
£
2014
7,447
7,656
Bank loans and overdrafts (secured)
4 Share capital
Authorised
1,000 Class A shares of £1.00 each
Allotted called up and fully paid
2015
2014
£
£
2 Class A shares of £1.00 each
2
2
2
2
3 of 3