Samantha Edwards Gifts Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07404484 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Samantha Edwards Gifts Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs S Edwards

J Edwards

SECRETARY:

REGISTERED OFFICE:

50 High Street

Cowbridge

Vale of Glamorgan

CF71 7AH

REGISTERED NUMBER:

07404484 (England and Wales)

ACCOUNTANTS:

JK Accountancy

The Business Centre

Cardiff Road

Barry

CF63 2AW

FIXED ASSETS

Tangible assets

2

12,767

14,508

CURRENT ASSETS

Stocks

12,877

13,005

Debtors

75

Cash at bank and in hand

500

2,630

13,452

15,710

CREDITORS

Amounts falling due within one year

83,124

68,096

NET CURRENT LIABILITIES

(69,672

)

(52,386

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,905

)

(37,878

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(57,005

)

(37,978

)

SHAREHOLDERS' FUNDS

(56,905

)

(37,878

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 27 September 2016 and were signed on its behalf
by:

J Edwards - 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 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 each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Short Leasehold - 10 years

Stocks

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

slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

24,047

Additions

747

At 31 December 2015

24,794

DEPRECIATION

At 1 January 2015

9,539

Charge for year

2,488

At 31 December 2015

12,027

NET BOOK VALUE

At 31 December 2015

12,767

At 31 December 2014

14,508

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

1

100