Classic Stitch Embroidery Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08716028 (England and Wales)

Abbreviated Accounts

for the Period 1 August 2015 to 31 January 2016

for

Classic Stitch Embroidery Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs N Lal

REGISTERED OFFICE:

Winnington House

2 Woodberry Grove

North Finchley

London

N12 0DR

REGISTERED NUMBER:

08716028 (England and Wales)

ACCOUNTANTS:

Nielsens

Chartered Accountants

The Gatehouse

453 Cranbrook Road

Ilford

Essex

IG2 6EW

BANKERS:

HSBC

PO Box 33

Wolverhampton

West Midlands

WV1 1TE

FIXED ASSETS

Tangible assets

2

13,325

-

CURRENT ASSETS

Stocks

500

-

Debtors

8,864

-

Cash at bank and in hand

9,659

200

19,023

200

CREDITORS

Amounts falling due within one year

31,800

-

NET CURRENT (LIABILITIES)/ASSETS

(12,777

)

200

TOTAL ASSETS LESS CURRENT LIABILITIES

548

200

CAPITAL AND RESERVES

Called up share capital

3

200

200

Profit and loss account

348

-

SHAREHOLDERS' FUNDS

548

200

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

The members have not required the company to obtain an audit of its financial statements for the period 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 1 November 2016 and were signed by:

Mrs N Lal - 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 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

-

15% on 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.

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

Additions

13,884

At 31 January 2016

13,884

DEPRECIATION

Charge for period

559

At 31 January 2016

559

NET BOOK VALUE

At 31 January 2016

13,325

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.7.15

value:

£

£

200

Ordinary shares

£1

200

200