Linen City Limited - Abbreviated accounts

LINEN CITY LIMITED - Company Information

Registered number

02225035

Linen City Limited

Abbreviated Accounts

28 February 2016

Linen City Limited

Report to the director on the preparation of the unaudited abbreviated accounts of Linen City Limited for the year ended 28 February 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Linen City Limited for the year ended 28 February 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Godfrey Holland
Accountants
Venture House
341 Palatine Road
Northenden
Manchester
M22 4FY

1 November 2016

Linen City Limited
Registered number:		02225035
Abbreviated Balance Sheet
as at 28 February 2016

Notes			2016			2015
£				£
Fixed assets
Investments	3		2			-

Current assets
Debtors		-			1,399

Creditors: amounts falling due within one year		(658,619)			(656,024)

Net current liabilities			(658,619)			(654,625)

Net liabilities			(658,617)			(654,625)

Capital and reserves
Called up share capital	4		2			2
Profit and loss account			(658,619)			(654,627)

Shareholder's funds			(658,617)			(654,625)

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



S Youens
Director
Approved by the board on 1 November 2016

Linen City Limited
Notes to the Abbreviated Accounts
for the year ended 28 February 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	At 1 March 2015					28,944
	At 28 February 2016					28,944

	Depreciation
	At 1 March 2015					28,944
	At 28 February 2016					28,944

	Net book value
	At 28 February 2016					-


3	Investments					£

	Cost
	Additions					2

	At 28 February 2016					2

	The company holds 20% or more of the share capital of the following companies:

Capital and							Profit (loss)
	Company	Shares held				reserves	for the year
		Class		%	£		£
	Misha Rugs Limited	Ordinary		100		(24,245)		2,630

4	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2