Abbreviated Company Accounts - SOUTHWOLD CARPETS, CURTAINS AND BLINDS LIMITED

SOUTHWOLD CARPETS, CURTAINS AND BLINDS LIMITED - Company Information

05373392 SOUTHWOLD CARPETS, CURTAINS AND BLINDS LIMITED 2016-02-28 false 2015-03-01 2016-02-28 true 05373392 2015-03-01 2016-02-28 05373392 2016-02-28 05373392 2015-02-28 05373392 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 05373392 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 05373392

SOUTHWOLD CARPETS, CURTAINS AND BLINDS LIMITED

Abbreviated Accounts

28 February 2016

SOUTHWOLD CARPETS, CURTAINS AND BLINDS LIMITED Registered Number 05373392

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	17,777	17,522
		17,777	17,522
Current assets
Stocks		15,072	15,666
Debtors		13,703	14,779
Cash at bank and in hand		28,543	14,777
		57,318	45,222
Creditors: amounts falling due within one year		(48,497)	(62,737)
Net current assets (liabilities)		8,821	(17,515)
Total assets less current liabilities		26,598	7
Total net assets (liabilities)		26,598	7
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		26,596	5
Shareholders' funds		26,598	7

For the year ending 28 February 2016 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 4 April 2016

And signed on their behalf by:
Mr C Wells, Director

SOUTHWOLD CARPETS, CURTAINS AND BLINDS LIMITED Registered Number 05373392

Notes to the Abbreviated Accounts for the period ended 28 February 2016

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
Turnover represents the work done and sales during the year exclusive of VAT.

Tangible assets depreciation policy
Depreciation is provided at 15% on Plant & Equipment and 25% on Motor Vehicles on the reducing balance method. Property Improvements are shown at cost.

2Tangible fixed assets

	£
Cost
At 1 March 2015	27,390
Additions	1,417
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	28,807
Depreciation
At 1 March 2015	9,868
Charge for the year	1,162
On disposals	-
At 28 February 2016	11,030
Net book values
At 28 February 2016	17,777
At 28 February 2015	17,522

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2