First Look Designs Limited - Abbreviated accounts 16.1

First Look Designs Limited - Abbreviated accounts 16.1

FIRST LOOK DESIGNS LIMITED - Company Information

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REGISTERED NUMBER: 05447387 (England and Wales)

















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015

FOR

FIRST LOOK DESIGNS LIMITED

FIRST LOOK DESIGNS LIMITED (REGISTERED NUMBER: 05447387)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

FIRST LOOK DESIGNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2015







DIRECTOR: Mr S A M H Yusuf





REGISTERED OFFICE: Unit 5
10 Gough Road
Leicester
LE5 4AL





REGISTERED NUMBER: 05447387 (England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE
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FIRST LOOK DESIGNS LIMITED (REGISTERED NUMBER: 05447387)

ABBREVIATED BALANCE SHEET
31ST DECEMBER 2015

31/12/15 31/12/14
Notes £    £   
FIXED ASSETS
Tangible assets 2 510 -

CURRENT ASSETS
Stocks 15,371 16,952
Debtors 43,309 41,008
Cash at bank and in hand 22,011 19,541
80,691 77,501
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
(47,520
)
(41,902
)
NET CURRENT ASSETS 33,171 35,599
TOTAL ASSETS LESS CURRENT
LIABILITIES
33,681
35,599

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 33,581 35,499
SHAREHOLDERS' FUNDS 33,681 35,599

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30th September 2016 and were signed by:





Mr S A M H Yusuf - Director


The notes on page 3 form part of these abbreviated accounts

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FIRST LOOK DESIGNS LIMITED (REGISTERED NUMBER: 05447387)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2015


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 represents net invoiced sales of goods, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 15% 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.

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
Additions 600
At 31st December 2015 600
DEPRECIATION
Charge for year 90
At 31st December 2015 90
NET BOOK VALUE
At 31st December 2015 510

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/15 31/12/14
value: £    £   
100 Ordinary £1 100 100

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