FREYA_ROSE_LIMITED - Accounts

FREYA ROSE LIMITED - Company Information

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Company Registration No. 07146165 (England and Wales)

FREYA ROSE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

FREYA ROSE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

FREYA ROSE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

29 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

6,000

7,500

Tangible assets

1,053

1,204

7,053

8,704

Current assets

Stocks

66,313

61,326

Debtors

6,234

6,876

Cash at bank and in hand

2,327

74,874

68,202

Creditors: amounts falling due within one year

(65,689)

(60,815)

Net current assets

9,185

7,387

Total assets less current liabilities

16,238

16,091

Creditors: amounts falling due after more than one year

(27,260)

(28,850)

(11,022)

(12,759)

Capital and reserves

Called up share capital

100

Profit and loss account

(11,122)

(12,859)

Shareholders' funds

(11,022)

(12,759)

FREYA ROSE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

29 FEBRUARY 2016

- 2 -

For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 21 December 2016

F Rees

Director

Company Registration No. 07146165

FREYA ROSE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT ..

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life , which is 10 years., which is 10 years.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% Straight Line

Office equipment

25% Straight Line

Fixtures, fittings & equipment

10% Straight Line

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

FREYA ROSE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 March 2015

15,000

4,279

19,279

Additions

125

At 29 February 2016

15,000

4,404

19,404

Depreciation

At 1 March 2015

7,500

3,075

10,575

Charge for the year

1,500

276

1,776

At 29 February 2016

9,000

3,351

12,351

Net book value

At 29 February 2016

6,000

1,053

7,053

At 28 February 2015

7,500

1,204

8,704

Share capital

2016

2015

Allotted, called up and fully paid

100 of £1 each

100