Love Heels Limited - Period Ending 2013-12-31

Registration number: 5634413

Love Heels Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013
 

Love Heels Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Love Heels Limited
(Registration number: 5634413)
Abbreviated Balance Sheet at 31 December 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					2,003			3,812
Current assets
Stocks					35,413			47,873
Debtors					16,281			24,947
Cash at bank and in hand					3,985			20,235
					55,679			93,055
Creditors: Amounts falling due within one year					(334,620)			(334,897)
Net current liabilities					(278,941)			(241,842)
Net liabilities					(276,938)			(238,030)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(277,038)			(238,130)
Shareholders' deficit					(276,938)			(238,030)

For the year ending 31 December 2013 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 26 September 2014 and signed on its behalf by:

.........................................
Mr Adrian Marks
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Love Heels Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

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).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern

The company is dependent upon the continued support of its major creditor/shareholder Mr A Warren.On the basis that this support will continue for the forseeable future the accounts have been prepared on the going concern basis

Turnover

Turnover represents the total invoice value,excluding value added tax,of sales made during the year

Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful economic life

Asset class	Depreciation method and rate
Plant and machinery	20% straight line

Research and development

Research and development expenditure is written off as incurred.

Stock

Stock is valued at the lower of cost and net realisable value

Deferred tax

Provision is made for deferred tax using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes

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Love Heels Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2013		9,045			9,045
At 31 December 2013		9,045			9,045
Depreciation
At 1 January 2013		5,233			5,233
Charge for the year		1,809			1,809
At 31 December 2013		7,042			7,042
Net book value
At 31 December 2013		2,003			2,003
At 31 December 2012		3,812			3,812

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary shares of £0.01 each		10,000			100			10,000			100

4

Control

The company is controlled by Mr A Warren a director of the company.

Page 3