Anderson Apparel Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03562001 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2016

for

Anderson Apparel Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Miss C Anderson

S B Miles

SECRETARY:

Miss C Anderson

REGISTERED OFFICE:

Units 4 & 5 Village Workshops

Pandy Road

Llanbrynmair

Powys

SY19 7AA

REGISTERED NUMBER:

03562001 (England and Wales)

ACCOUNTANTS:

Morgan Griffiths LLP

Chartered Accountants

Cross Chambers

9 High Street

Newtown

Powys

SY16 2NY

FIXED ASSETS

Tangible assets

2

12,744

12,425

CURRENT ASSETS

Stocks

1,750

4,000

Debtors

-

1,497

Cash at bank

1,796

5

3,546

5,502

CREDITORS

Amounts falling due within one year

13,000

10,069

NET CURRENT LIABILITIES

(9,454

)

(4,567

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,290

7,858

PROVISIONS FOR LIABILITIES

2,200

2,104

NET ASSETS

1,090

5,754

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

1,088

5,752

SHAREHOLDERS' FUNDS

1,090

5,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 17 November 2016 and were signed on
its behalf by:

Miss C Anderson - 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 work done 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

-

25% on cost and 10% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

24,070

Additions

1,986

At 28 February 2016

26,056

DEPRECIATION

At 1 March 2015

11,645

Charge for year

1,667

At 28 February 2016

13,312

NET BOOK VALUE

At 28 February 2016

12,744

At 28 February 2015

12,425

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.16

28.2.15

value:

£

2

Ordinary

1

2