Celebrations of Stourbridge Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07056421 (England and Wales)

CELEBRATIONS OF STOURBRIDGE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH JUNE 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R H Eames

Mrs L H Didehvar

REGISTERED OFFICE:

47 High Street

Stourbridge

West Midlands

DY8 1DE

REGISTERED NUMBER:

07056421 (England and Wales)

FIXED ASSETS

Tangible assets

2

33,741

39,695

CURRENT ASSETS

Stocks

84,242

71,360

Debtors

22,632

21,415

Cash at bank and in hand

21,404

26,658

128,278

119,433

CREDITORS

Amounts falling due within one year

63,744

27,499

NET CURRENT ASSETS

64,534

91,934

TOTAL ASSETS LESS CURRENT
LIABILITIES

98,275

131,629

CREDITORS

Amounts falling due after more than one
year

75,000

125,164

NET ASSETS

23,275

6,465

CAPITAL AND RESERVES

Called up share capital

3

60,000

Profit and loss account

(36,725

)

(53,535

)

SHAREHOLDERS' FUNDS

23,275

6,465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2016 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 5th August 2016 and were signed on its behalf
by:

R H Eames - 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 January 2015).

Turnover

Turnover is comprised of the sale of cards and gifts excluding vat.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

and 30th June 2016

94,209

DEPRECIATION

At 1st July 2015

54,514

Charge for year

5,954

At 30th June 2016

60,468

NET BOOK VALUE

At 30th June 2016

33,741

At 30th June 2015

39,695

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

60,000

Ordinary

£1

60,000