Store It Right (EA) Limited - Period Ending 2013-10-31

STORE IT RIGHT (EA) LTD - Company Information

Registration number: 07419636

Store It Right (EA) Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2013

Store It Right (EA) Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Store It Right (EA) Limited
for the Year Ended 31 October 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Store It Right (EA) Limited for the year ended 31 October 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Store It Right (EA) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Store It Right (EA) Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Store It Right (EA) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Store It Right (EA) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Store It Right (EA) Limited. You consider that Store It Right (EA) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Store It Right (EA) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Bemment Cooper
The Old Surgery
Victoria Road
Lowestoft
NR33 9LW

12 July 2014

Page 1

Store It Right (EA) Limited
(Registration number: 07419636)
Abbreviated Balance Sheet at 31 October 2013

	Note	2013 £	2012 £
Fixed assets
Tangible fixed assets		19,519	13,390
Current assets
Stocks		600	-
Cash at bank and in hand		2,146	1,255
		2,746	1,255
Creditors: Amounts falling due within one year		(19,276)	(9,846)
Net current liabilities		(16,530)	(8,591)
Net assets		2,989	4,799
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		1,989	3,799
Shareholders' funds		2,989	4,799

For the year ending 31 October 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 director acknowledges her 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 director on 15 July 2014

.........................................
Miss Beverlie Ross
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Store It Right (EA) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 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).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 November 2012	15,752	15,752
Additions	9,573	9,573
At 31 October 2013	25,325	25,325
Depreciation
At 1 November 2012	2,362	2,362
Charge for the year	3,444	3,444
At 31 October 2013	5,806	5,806
Net book value
At 31 October 2013	19,519	19,519
At 31 October 2012	13,390	13,390

3	Share capital

Allotted, called up and fully paid shares

	2013			2012
		No.	£		No.	£
Ordinary of £1 each		1,000	1,000		1,000	1,000

Page 3