Zippy Stitch Sevenoaks Limited - Abbreviated accounts 16.1

Zippy Stitch Sevenoaks Limited - Abbreviated accounts 16.1

ZIPPY STITCH SEVENOAKS LIMITED - Company Information

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REGISTERED NUMBER: 07814255 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2016

FOR

ZIPPY STITCH SEVENOAKS LIMITED

ZIPPY STITCH SEVENOAKS LIMITED (REGISTERED NUMBER: 07814255)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

ZIPPY STITCH SEVENOAKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTOR: Mrs M Beechinor Collins





REGISTERED OFFICE: 14 Elmfield Road
Bromley
Kent
BR1 1LR





REGISTERED NUMBER: 07814255 (England and Wales)





ACCOUNTANTS: Upton Neenan Lees
Chartered Accountants
21-23 Croydon Road
Caterham
Surrey
CR3 6PA
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ZIPPY STITCH SEVENOAKS LIMITED (REGISTERED NUMBER: 07814255)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

31.1.16 31.1.15
Notes £    £   
FIXED ASSETS
Tangible assets 2 271 3,409

CURRENT ASSETS
Stocks 358 358
Debtors 90,936 57,703
Cash at bank and in hand 530 1,426
91,824 59,487
CREDITORS
Amounts falling due within one year (41,115 ) (37,131 )
NET CURRENT ASSETS 50,709 22,356
TOTAL ASSETS LESS CURRENT
LIABILITIES
50,980
25,765

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 50,880 25,665
SHAREHOLDERS' FUNDS 50,980 25,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 31 October 2016 and were signed by:





Mrs M Beechinor Collins - Director


The notes form part of these abbreviated accounts

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ZIPPY STITCH SEVENOAKS LIMITED (REGISTERED NUMBER: 07814255)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016


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.

Plant and machinery etc - at varying rates on cost

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015 16,409
Additions 382
At 31 January 2016 16,791
DEPRECIATION
At 1 February 2015 13,000
Charge for year 3,520
At 31 January 2016 16,520
NET BOOK VALUE
At 31 January 2016 271
At 31 January 2015 3,409

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.16 31.1.15
value: £    £   
1 Ordinary £1 100 100

4. ULTIMATE CONTROLLING PARTY

The controlling party is Zippy Stitch Limited.


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