Abbreviated Company Accounts - WHAT'S IN A NAME LIMITED

WHAT'S IN A NAME LIMITED - Company Information

Registered Number 03638849

WHAT'S IN A NAME LIMITED

Abbreviated Accounts

31 March 2016

WHAT'S IN A NAME LIMITED Registered Number 03638849

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	102	136
		102	136
Current assets
Stocks		56,500	82,500
Debtors		10,523	11,404
		67,023	93,904
Creditors: amounts falling due within one year		(85,449)	(80,212)
Net current assets (liabilities)		(18,426)	13,692
Total assets less current liabilities		(18,324)	13,828
Total net assets (liabilities)		(18,324)	13,828
Capital and reserves
Called up share capital		2	2
Profit and loss account		(18,326)	13,826
Shareholders' funds		(18,324)	13,828

For the year ending 31 March 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 28 December 2016

And signed on their behalf by:
Mrs R Weisz, Director

WHAT'S IN A NAME LIMITED Registered Number 03638849

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents net invoiced sales of goods, excluding VAT.

Tangible assets depreciation policy
Depreciation is provided after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Fixtures and Fittings 25% reducing balance
Office Equipment 25% reducing balance

Other accounting policies
Stocks 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 April 2015	6,894
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	6,894
Depreciation
At 1 April 2015	6,758
Charge for the year	34
On disposals	-
At 31 March 2016	6,792
Net book values
At 31 March 2016	102
At 31 March 2015	136