Abbreviated Company Accounts - LIQUORWORLD LIMITED

LIQUORWORLD LIMITED - Company Information

Registered Number 05856143

LIQUORWORLD LIMITED

Abbreviated Accounts

30 June 2014

LIQUORWORLD LIMITED Registered Number 05856143

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	18,422	18,422
Tangible assets	3	14,988	4,960
		33,410	23,382
Current assets
Stocks		23,515	22,609
Debtors		868	-
Cash at bank and in hand		13,940	20,013
		38,323	42,622
Creditors: amounts falling due within one year		(13,813)	(31,504)
Net current assets (liabilities)		24,510	11,118
Total assets less current liabilities		57,920	34,500
Creditors: amounts falling due after more than one year		(11,000)	-
Total net assets (liabilities)		46,920	34,500
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		45,920	33,500
Shareholders' funds		46,920	34,500

For the year ending 30 June 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 2 October 2014

And signed on their behalf by:
MR GURVINDER SANDHU, Director

LIQUORWORLD LIMITED Registered Number 05856143

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of value Added Tax.

Tangible assets depreciation policy
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 Method
Motor Vehicles - 25% Reducing Balance Method
Equipment - 25% Reducing Balance Method

2Intangible fixed assets

	£
Cost
At 1 July 2013	18,422
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	18,422
Amortisation
At 1 July 2013	-
Charge for the year	-
On disposals	-
At 30 June 2014	-
Net book values
At 30 June 2014	18,422
At 30 June 2013	18,422

3Tangible fixed assets

	£
Cost
At 1 July 2013	26,095
Additions	17,049
Disposals	(12,998)
Revaluations	-
Transfers	-
At 30 June 2014	30,146
Depreciation
At 1 July 2013	21,135
Charge for the year	4,996
On disposals	(10,973)
At 30 June 2014	15,158
Net book values
At 30 June 2014	14,988
At 30 June 2013	4,960