Cobbler Magic Ltd - Limited company - abbreviated - 11.0.0

Cobbler Magic Ltd - Limited company - abbreviated - 11.0.0

COBBLER MAGIC LIMITED - Company Information

Print Friendly Version

04614322 1.1.13 31.12.13 31.12.13 Company accounts Private Limited Company FY true false true false true false false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure046143222012-12-31046143222013-12-31046143222013-01-012013-12-31046143222011-12-31046143222012-01-012012-12-31046143222012-12-3104614322ns12:England2013-01-012013-12-3104614322ns14:PoundSterling2013-01-012013-12-3104614322ns7:Director12013-01-012013-12-3104614322ns7:OrdinaryShareClass12013-01-012013-12-3104614322ns7:CompanySecretary2013-01-012013-12-3104614322ns7:RegisteredOffice2013-01-012013-12-3104614322ns7:EntityAccountantsOrAuditors2013-01-012013-12-3104614322ns5:PlantMachinery2013-01-012013-12-3104614322ns7:OrdinaryShareClass12013-12-3104614322ns7:OrdinaryShareClass12012-12-31
REGISTERED NUMBER: 04614322 (England and Wales)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

COBBLER MAGIC LTD

COBBLER MAGIC LTD (REGISTERED NUMBER: 04614322)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2013




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

COBBLER MAGIC LTD

COMPANY INFORMATION
for the Year Ended 31 December 2013







DIRECTOR: C Loizides





SECRETARY: P Loizides





REGISTERED OFFICE: First Floor
677 High Road
North Finchley
London
N12 0DA





REGISTERED NUMBER: 04614322 (England and Wales)





ACCOUNTANTS: Bramil Associates LLP
First Floor
677 High Road
North Finchley
London
N12 0DA
Page 1
COBBLER MAGIC LTD (REGISTERED NUMBER: 04614322)

ABBREVIATED BALANCE SHEET
31 December 2013

31.12.13 31.12.12
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 709 1,064
709 1,064

CURRENT ASSETS
Stocks 537 967
Cash at bank and in hand 7,943 7,702
8,480 8,669
CREDITORS
Amounts falling due within one year 3,284 4,026
NET CURRENT ASSETS 5,196 4,643
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,905
5,707

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 5,904 5,706
SHAREHOLDERS' FUNDS 5,905 5,707

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 19 June 2014 and were signed by:





C Loizides - Director


The notes form part of these abbreviated accounts

Page 2
COBBLER MAGIC LTD (REGISTERED NUMBER: 04614322)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 December 2013

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 net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

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

Plant and machinery etc - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Cost represents the original purchase price paid for the goods.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods
different from those in which they are included in the company's accounts. Deferred tax is provided in full on
timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates
that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no
commitment to sell the asset.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013
and 31 December 2013 51,647
AMORTISATION
At 1 January 2013
and 31 December 2013 51,647
NET BOOK VALUE

At 31 December 2013 -
At 31 December 2012 -

Page 3 continued...
COBBLER MAGIC LTD (REGISTERED NUMBER: 04614322)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 December 2013

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2013
and 31 December 2013 3,877
DEPRECIATION
At 1 January 2013 2,813
Charge for year 355
At 31 December 2013 3,168
NET BOOK VALUE
At 31 December 2013 709
At 31 December 2012 1,064

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.13 31.12.12
value: £    £   
1 Ordinary Shares £1 1 1

5. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr C Loizides who owns 100% of the issued share capital of the company.

Page 4