Abbreviated Company Accounts - ELECTRA SHOP LIMITED

ELECTRA SHOP LIMITED - Company Information

06882004 ELECTRA SHOP LIMITED 2014-01-31 false 2013-02-01 2014-01-31 true 06882004 2013-02-01 2014-01-31 06882004 2014-01-31 06882004 2013-01-31 06882004 uk-gaap-cd-bus:Director1 2013-02-01 2014-01-31 06882004 uk-gaap-cd-bus:Director2 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-01-31 iso4217:GBP shares

Registered Number 06882004

ELECTRA SHOP LIMITED

Abbreviated Accounts

31 January 2014

ELECTRA SHOP LIMITED Registered Number 06882004

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	50,534	51,449
		50,534	51,449
Current assets
Stocks		43,318	40,752
Debtors		294,964	206,329
Cash at bank and in hand		10,499	6,318
		348,781	253,399
Creditors: amounts falling due within one year		(69,841)	(70,986)
Net current assets (liabilities)		278,940	182,413
Total assets less current liabilities		329,474	233,862
Provisions for liabilities		(7,310)	(6,895)
Total net assets (liabilities)		322,164	226,967
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		322,064	226,867
Shareholders' funds		322,164	226,967

For the year ending 31 January 2014 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 27 October 2014

And signed on their behalf by:
Mr S Bassett, Director

ELECTRA SHOP LIMITED Registered Number 06882004

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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

Tangible assets depreciation policy
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.

Land and buildings leasehold are depreciated at 10% straight line basis per annum.

Fixtures, fittings and equipment are depreciated at 15% reducing balance basis per annum.

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

Other accounting policies
Deferred taxtion:
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

2Tangible fixed assets

	£
Cost
At 1 February 2013	88,875
Additions	8,096
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	96,971
Depreciation
At 1 February 2013	37,426
Charge for the year	9,011
On disposals	-
At 31 January 2014	46,437
Net book values
At 31 January 2014	50,534
At 31 January 2013	51,449

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
50 A Ordinary shares of £1 each	50	50
50 B Ordinary shares of £1 each	50	50