SUPERFATLACES_AND_SOCKS_L - Accounts

SUPERFATLACES & SOCKS LTD. - Company Information

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SUPERFATLACES AND SOCKS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

Company Registration No. 08797850 (England and Wales)

SUPERFATLACES AND SOCKS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SUPERFATLACES AND SOCKS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

7,076

6,375

Current assets

Stocks

21,167

18,617

Debtors

458

508

Cash at bank and in hand

13,952

2,722

35,577

21,847

Creditors: amounts falling due within one year

(40,876)

(24,550)

Net current liabilities

(5,299)

(2,703)

Total assets less current liabilities

1,777

3,672

Provisions for liabilities

(335)

(1,275)

1,442

2,397

Capital and reserves

Called up share capital

100

Profit and loss account

1,342

2,297

Shareholders' funds

1,442

2,397

For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 26 May 2016

Mr B Willis

Director

Company Registration No. 08797850

SUPERFATLACES AND SOCKS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

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 less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

25% Reducing balance

Fixed assets

Tangible assets

Cost

At 1 September 2014

8,500

Additions

3,060

At 31 August 2015

11,560

Depreciation

At 1 September 2014

2,125

Charge for the period

2,359

At 31 August 2015

4,484

Net book value

At 31 August 2015

7,076

At 31 August 2014

6,375

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100