Nine to Elleven Footwear Limited Small abbreviated accounts

NINE TO ELLEVEN FOOTWEAR LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 03567795

NINE TO ELLEVEN FOOTWEAR LIMITED

ABBREVIATED ACCOUNTS

31 January 2016

McKELVIE & CO LLP

Chartered Accountants

82 Wandsworth Bridge Road

London

SW6 2TF

NINE TO ELLEVEN FOOTWEAR LIMITED

ABBREVIATED BALANCE SHEET

31 January 2016

	2016	2015
Note	£	£	£	£
FIXED ASSETS	2
Tangible assets		7,812		10,417

CURRENT ASSETS

Stocks	218,820		219,678
Debtors	10,935		9,365
Cash at bank and in hand	8,791		655
	----------		----------
	238,546		229,698
CREDITORS: Amounts falling due within one year	3	235,718		217,623
		----------		----------
NET CURRENT ASSETS		2,828		12,075
		---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES		10,640		22,492
		---------		---------

CAPITAL AND RESERVES

Called up equity share capital	4		2		2
Profit and loss account		10,638		22,490
		---------		---------
SHAREHOLDERS' FUNDS		10,640		22,492
		---------		---------

For the year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 21 October 2016 .

J McHarg Director

Company Registration Number: 03567795

NINE TO ELLEVEN FOOTWEAR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 JANUARY 2016

1. ACCOUNTING POLICIES

Basis of accounting

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 the value of services provided during the year net of value added tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings-25% reducing balance

Equipment-25% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 February 2015 and 31 January 2016	66,040
	---------

DEPRECIATION

At 1 February 2015	55,623
Charge for year	2,605
	---------
At 31 January 2016	58,228
	---------

NET BOOK VALUE

At 31 January 2016	7,812
	-------

At 31 January 2015	10,417
	---------

3. CREDITORS: Amounts falling due within one year

The following liabilities disclosed under creditors falling due within one year are secured by the company:

	2016	2015
	£	£
Bank loans and overdrafts	78,331	63,772
	---------	---------

4. SHARE CAPITAL

Allotted, called up and fully paid:

2016	2015
No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----