Abbreviated Company Accounts - STYLISH FABRICS (UK) LIMITED

STYLISH FABRICS (UK) LIMITED - Company Information

Registered Number 06514841

STYLISH FABRICS (UK) LIMITED

Abbreviated Accounts

28 February 2016

STYLISH FABRICS (UK) LIMITED Registered Number 06514841

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	655	819
		655	819
Current assets
Stocks		14,020	13,555
Cash at bank and in hand		1,652	3,954
		15,672	17,509
Creditors: amounts falling due within one year		(389)	(4,540)
Net current assets (liabilities)		15,283	12,969
Total assets less current liabilities		15,938	13,788
Provisions for liabilities		(2,593)	(799)
Total net assets (liabilities)		13,345	12,989
Capital and reserves
Called up share capital		2	2
Profit and loss account		13,343	12,987
Shareholders' funds		13,345	12,989

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 29 November 2016

And signed on their behalf by:
Mr Mark Weston Howard, Director

STYLISH FABRICS (UK) LIMITED Registered Number 06514841

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
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

Tangible assets depreciation policy
Motor Vehicle Dep'n at 20%

Valuation information and policy
Stocks and works - 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.

2Tangible fixed assets

	£
Cost
At 1 March 2015	819
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	819
Depreciation
At 1 March 2015	-
Charge for the year	164
On disposals	-
At 28 February 2016	164
Net book values
At 28 February 2016	655
At 28 February 2015	819