Abbreviated Company Accounts - S.A.F.E.TEXTILES LIMITED

S.A.F.E.TEXTILES LIMITED - Company Information

00501125 S.A.F.E.TEXTILES LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 00501125 2013-01-01 2013-12-31 00501125 2013-12-31 00501125 2012-12-31 00501125 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 00501125 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 00501125

S.A.F.E.TEXTILES LIMITED

Abbreviated Accounts

31 December 2013

S.A.F.E.TEXTILES LIMITED Registered Number 00501125

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	75,884	77,744
		75,884	77,744
Current assets
Stocks		22,425	22,575
Debtors		287,209	313,003
Investments		332	332
Cash at bank and in hand		452,868	411,862
		762,834	747,772
Creditors: amounts falling due within one year		(37,970)	(32,578)
Net current assets (liabilities)		724,864	715,194
Total assets less current liabilities		800,748	792,938
Accruals and deferred income		0	0
Total net assets (liabilities)		800,748	792,938
Capital and reserves
Called up share capital	3	500	500
Profit and loss account		800,248	792,438
Shareholders' funds		800,748	792,938

For the year ending 31 December 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 June 2014

And signed on their behalf by:
DANIEL FLUSS, Director

S.A.F.E.TEXTILES LIMITED Registered Number 00501125

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold Property - 2% on cost
Fixtures & Fittings - 25% on reducing balance
Equipment - 33.33% straight line

Other accounting policies
Stocks

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

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2Tangible fixed assets

	£
Cost
At 1 January 2013	144,026
Additions	1,300
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	145,326
Depreciation
At 1 January 2013	66,282
Charge for the year	3,160
On disposals	-
At 31 December 2013	69,442
Net book values
At 31 December 2013	75,884
At 31 December 2012	77,744

Fixed assets

All fixed assets are initially recorded at cost.

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
500 Ordinary shares of £1 each	500	500