VALERIE_MAIN_LTD - Accounts

VALERIE MAIN LIMITED - Company Information

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Company Registration No. 04474261 (England and Wales)

VALERIE MAIN LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

VALERIE MAIN LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

VALERIE MAIN LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

533

Current assets

Stocks

110,306

131,897

Debtors

3,061

9,707

113,367

141,604

Creditors: amounts falling due within one year

(70,309)

(68,071)

Net current assets

43,058

73,533

Total assets less current liabilities

43,591

73,607

Provisions for liabilities

(107)

(15)

43,484

73,592

Capital and reserves

Called up share capital

Profit and loss account

43,464

73,572

Shareholders' funds

43,484

73,592

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 August 2016

Mr D Main

Mrs V Main

Director

Company Registration No. 04474261

VALERIE MAIN LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% Straight Line

Fixed assets

Tangible assets

Cost

At 1 April 2015

18,612

Additions

666

At 31 March 2016

19,278

Depreciation

At 1 April 2015

18,538

Charge for the year

207

At 31 March 2016

18,745

Net book value

At 31 March 2016

533

At 31 March 2015

Share capital

2016

2015

Allotted, called up and fully paid

20 Ordinary Share of £1 each

VALERIE MAIN LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Related party relationships and transactions

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Directors current account

9,637

14,773

24,415

(5)

9,637

14,773

24,415

(5)