The Beaderie Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09523058 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

THE BEADERIE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr A Bowden

Ms S Scoffield

REGISTERED OFFICE:

10 Jesus Lane

Cambridge

England

CB5 8BA

REGISTERED NUMBER:

09523058 (England and Wales)

ACCOUNTANTS:

Stanes Rand & Co

Chartered Accountants

10 Jesus Lane

Cambridge

England

Cambridgeshire

CB5 8BA

FIXED ASSETS

Intangible assets

2

19,800

CURRENT ASSETS

Stocks

3,375

Debtors

1,030

4,405

CREDITORS

Amounts falling due within one year

(29,035

)

NET CURRENT LIABILITIES

(24,630

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,830

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(4,832

)

SHAREHOLDERS' FUNDS

(4,830

)

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 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 8 September 2016 and were signed on its behalf by:

Mr A Bowden - Director

Ms S Scoffield - 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 invoiced and cash sales of beads and jewellery related items inclusive of VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

22,000

At 31 March 2016

22,000

AMORTISATION

Amortisation for year

2,200

At 31 March 2016

2,200

NET BOOK VALUE

At 31 March 2016

19,800

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

2 Ordinary shares of £1 were issued during the year for cash of £ 2 .