Design-A-Party Ltd - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 07847755 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2016

for

DESIGN-A-PARTY LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs Sandra Joy Smith

SECRETARY:

Mr Paul Andrew Smith

REGISTERED OFFICE:

Bencroft

Dassels

Braughing

Ware

Hertfordshire

SG11 2RW

REGISTERED NUMBER:

07847755 (England and Wales)

ACCOUNTANTS:

Leggate Associates Limited

Chartered Accountants

Bencroft

Dassels

Braughing

Ware

Hertfordshire

SG11 2RW

CURRENT ASSETS

Cash at bank

4,912

4,634

CREDITORS

Amounts falling due within one year

5

5,185

4,075

NET CURRENT (LIABILITIES)/ASSETS

(273

)

559

TOTAL ASSETS LESS CURRENT LIABILITIES

(273

)

559

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(373

)

459

SHAREHOLDERS' FUNDS

(273

)

559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 9 August 2016 and were signed by:

Mrs Sandra Joy Smith - Director

1.	STATUTORY INFORMATION

Design-A-Party Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These accounts have been prepared on a going concern basis as the directors consider that there are sufficient

external funds available to the company to recommence trading. The directors anticipate that the company

will report a profit in the year to 31 March 2017.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2015

and 31 March 2016

10,000

AMORTISATION

At 1 April 2015

and 31 March 2016

10,000

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.16

31.3.15

£

£

Trade creditors

-

1

Social security and other taxes

-

38

Directors' current accounts

4,591

2,716

Accrued expenses

594

1,320

5,185

4,075

6.	POST BALANCE SHEET EVENTS

The company recommenced trading on 01 August 2016.

7.	FIRST YEAR ADOPTION

The company has adopted the provisions of FRS 102 for the first time in its financial statements for the year

ended 31 March 2016. The comparative disclosures have been updated to reflect the change in the

requirements by UK GAAP, however this has had no material effect on the figures in the financial statements.

As such, no reconciliation for the effect of FRS 102 has been provided.