| Goldilocks Pillows Limited |
| Registered number: |
07544532 |
| Abbreviated Balance Sheet |
| as at 29 February 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
726 |
|
|
1,037 |
|
| Current assets |
| Stocks |
|
|
763 |
|
|
1,402 |
| Debtors |
|
|
523 |
|
|
518 |
| Cash at bank and in hand |
|
|
2,182 |
|
|
4,290 |
|
|
|
3,468 |
|
|
6,210 |
|
| Creditors: amounts falling due within one year |
|
|
(75,851) |
|
|
(84,654) |
|
| Net current liabilities |
|
|
|
(72,383) |
|
|
(78,444) |
| Net liabilities |
|
|
|
(71,657) |
|
|
(77,407) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(71,757) |
|
|
(77,507) |
|
| Shareholder's funds |
|
|
|
(71,657) |
|
|
(77,407) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| K S Bajwa |
| Director |
| Approved by the board on 21 October 2016 |
|
| Goldilocks Pillows Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 29 February 2016 |
|
| 1 |
Accounting policies |
|
|
Accounting convention |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Basis of preparing the financial statements |
|
These accounts are prepared on a going concern basis which is dependent upon the continued support of the director. The director has indicated his intention to provide financial support for a period not less than 12 months from the date of signing of the accounts. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from withdrawl of such financial support. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods supplied to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office Equipment |
25% straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2015 |
1,243 |
|
At 29 February 2016 |
1,243 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2015 |
206 |
|
Charge for the year |
311 |
|
At 29 February 2016 |
517 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
726 |
|
At 28 February 2015 |
1,037 |
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
