Five Leaves Limited - Limited company - abbreviated

REGISTERED NUMBER: 03018180 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

FIVE LEAVES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTOR:

Mr R Bradshaw

REGISTERED OFFICE:

129a Middleton Boulevard

Wollaton Park

Nottingham

Nottinghamshire

NG8 1FW

REGISTERED NUMBER:

03018180 (England and Wales)

ACCOUNTANTS:

Cobb Burgin & Co

Chartered Accountants

129a Middleton Boulevard

Wollaton Park

Nottingham

NG8 1FW

FIXED ASSETS

Tangible assets

2

2,667

843

CURRENT ASSETS

Stocks

36,375

20,750

Debtors

12,717

14,820

Cash at bank and in hand

3,072

14,152

52,164

49,722

CREDITORS

Amounts falling due within one year

(58,827

)

(40,787

)

NET CURRENT (LIABILITIES)/ASSETS

(6,663

)

8,935

TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,996

)

9,778

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(4,096

)

9,678

SHAREHOLDERS' FUNDS

(3,996

)

9,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 September 2014 and were signed by:

Mr R Bradshaw - 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 the value of sales to customers and grants receivable during the period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Fixtures and fittings

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

4,593

Additions

2,714

At 31 December 2013

7,307

DEPRECIATION

At 1 January 2013

3,750

Charge for year

890

At 31 December 2013

4,640

NET BOOK VALUE

At 31 December 2013

2,667

At 31 December 2012

843

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

100

Ordinary shares

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year a loan existed between the company and the director, Mr. R. Bradshaw. The balance

payable to Mr. Bradshaw at 31 December 2013 was £43,518 (2012: £17,208). The maximum balance on the

loan account during the year was £43,518.

Five Leaves Limited - Limited company - abbreviated - 11.0.0

Five Leaves Limited - Limited company - abbreviated - 11.0.0