AMANDA_AUSTIN_FLOWERS_LIM - Accounts

AMANDA AUSTIN FLOWERS LTD - Company Information

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Company Registration No. 04869871 (England and Wales)

AMANDA AUSTIN FLOWERS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

AMANDA AUSTIN FLOWERS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

AMANDA AUSTIN FLOWERS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

19,529

27,023

Current assets

Stocks

2,000

Debtors

98,979

65,364

Cash at bank and in hand

209,954

200,311

310,933

267,675

Creditors: amounts falling due within one year

(67,288)

(65,579)

Net current assets

243,645

202,096

Total assets less current liabilities

263,174

229,119

Provisions for liabilities

(3,643)

(4,747)

259,531

224,372

Capital and reserves

Called up share capital

1,000

Profit and loss account

258,531

223,372

Shareholders' funds

259,531

224,372

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 23 December 2016

Mrs A Austin

Director

Company Registration No. 04869871

AMANDA AUSTIN FLOWERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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 flower sales and arrangements provided net of Value Added Tax.

1.4

Goodwill

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:

Computer equipment

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Motor vehicles

25% reducing balance

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.

AMANDA AUSTIN FLOWERS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

15,000

93,752

108,752

Disposals

(16,632)

At 31 March 2016

15,000

77,120

92,120

Depreciation

At 1 April 2015

15,000

66,729

81,729

On disposals

(15,648)

Charge for the year

6,510

At 31 March 2016

15,000

57,591

72,591

Net book value

At 31 March 2016

19,529

At 31 March 2015

27,023

Share capital

2016

2015

Allotted, called up and fully paid

1,000 ordinary shares of £1 each

1,000