Mary's of Enfield Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04279961 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Mary's of Enfield Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs T M Forrest

Mrs T M Dods

SECRETARY:

Mrs T M Forrest

REGISTERED OFFICE:

27B High Street

Hoddesdon

Hertfordshire

EN11 8SX

REGISTERED NUMBER:

04279961 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

2

5,130

4,249

CURRENT ASSETS

Stocks

125,000

Debtors

9,043

11,572

Cash at bank and in hand

95,404

95,933

229,447

232,505

CREDITORS

Amounts falling due within one year

172,684

184,028

NET CURRENT ASSETS

56,763

48,477

TOTAL ASSETS LESS CURRENT
LIABILITIES

61,893

52,726

PROVISIONS FOR LIABILITIES

416

106

NET ASSETS

61,477

52,620

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

60,477

51,620

SHAREHOLDERS' FUNDS

61,477

52,620

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 1 November 2016 and were signed on its behalf
by:

Mrs T M Forrest - Director

Mrs T M Dods - 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

-

25% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

77,161

Additions

2,397

At 31 August 2016

79,558

DEPRECIATION

At 1 September 2015

72,912

Charge for year

1,516

At 31 August 2016

74,428

NET BOOK VALUE

At 31 August 2016

5,130

At 31 August 2015

4,249

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

1,000

Share capital 1

£1

1,000

4.

CONTROL

The company is controlled equally by the directors.