Queen Bee Designs Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04289329 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

QUEEN BEE DESIGNS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr A W Horne

Mrs E I Horne

Mr D V E Horne

SECRETARY:

Mr A W Horne

REGISTERED OFFICE:

St John's

Sherbourne Street

Edwardstone

Sudbury

Suffolk

CO10 5PE

REGISTERED NUMBER:

04289329 (England and Wales)

ACCOUNTANTS:

Walter Wright

Chartered Accountants

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

BANKERS:

HSBC

46 Market Hill

Sudbury

Suffolk

CO10 2ES

FIXED ASSETS

Tangible assets

2

1,552

1,403

CURRENT ASSETS

Stocks

200

200

Debtors

12,992

3,808

Cash at bank

8,121

11,604

21,313

15,612

CREDITORS

Amounts falling due within one year

23,751

17,594

NET CURRENT LIABILITIES

(2,438

)

(1,982

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(886

)

(579

)

PROVISIONS FOR LIABILITIES

267

228

NET LIABILITIES

(1,153

)

(807

)

CAPITAL AND RESERVES

Called up share capital

3

1,001

1,001

Profit and loss account

(2,154

)

(1,808

)

SHAREHOLDERS' FUNDS

(1,153

)

(807

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 7 October 2014 and were signed on its behalf by:

Mr A W Horne - 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 net invoiced sales of goods and services, excluding value added tax.

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

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.

Going concern

The accounts have been prepared on the going concern basis on the assumption of the continued

support of the company's directors and shareholders.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

4,224

Additions

668

At 31 March 2014

4,892

DEPRECIATION

At 1 April 2013

2,821

Charge for year

519

At 31 March 2014

3,340

NET BOOK VALUE

At 31 March 2014

1,552

At 31 March 2013

1,403

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000

1

Ordinary B

£1

1

1

1,001

1,001