Samantha Edwards Gifts Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07404484 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

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

Vale of Glamorgan

CF63 2AW

FIXED ASSETS

Tangible assets

2

16,950

19,278

CURRENT ASSETS

Stocks

11,304

14,029

Debtors

75

5,325

Cash at bank and in hand

2,812

6,098

14,191

25,452

CREDITORS

Amounts falling due within one year

56,885

58,394

NET CURRENT LIABILITIES

(42,694

)

(32,942

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(25,744

)

(13,664

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(25,844

)

(13,764

)

SHAREHOLDERS' FUNDS

(25,744

)

(13,664

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 30 September 2014 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 April 2008).

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.

Short Leasehold - 10 years

Fixtures and Fittings - 15% reducing balance

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 2013

and 31 December 2013

24,047

DEPRECIATION

At 1 January 2013

4,769

Charge for year

2,328

At 31 December 2013

7,097

NET BOOK VALUE

At 31 December 2013

16,950

At 31 December 2012

19,278

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

100

Ordinary

1

100

100