Freight Shop Ltd,Ltd - Accounts

Freight Shop Ltd,Ltd - Accounts

FREIGHT SHOP LTD - Company Information

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2015-05-01 true false Private Limited Company 08987735 2016-04-30 08987735 2015-05-01 2016-04-30 08987735 2015-04-30 08987735 2014-05-01 2015-04-30 08987735 uk-bus:Director1 2015-05-01 2016-04-30 08987735 uk-gaap:PlantMachinery 2015-05-01 2016-04-30 08987735 uk-gaap:ComputerEquipment 2015-05-01 2016-04-30 08987735 uk-gaap:WithinOneYear 2016-04-30 08987735 uk-gaap:WithinOneYear 2015-04-30 iso4217:GBP
Freight Shop Ltd
For the year ended 30 April 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08987735
2
Contents Page
Freight Shop Ltd
For the year ended 30 April 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Freight Shop Ltd
As at 30 April 2016
08987735
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
12,605
15,756
12,605
15,756
Current assets
Stocks
14,382
11,720
Cash at bank and in hand
36,255
15,950
47,975
30,332
Creditors: amounts falling due within one year
3
(57,098)
(67,552)
(26,766)
(19,577)
Net current liabilities
Total assets less current liabilities
(6,972)
(11,010)
(6,972)
Net liabilities
(11,010)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(6,974)
(11,012)
(6,972)
(11,010)
Shareholders funds
For the year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 26 January 2017
Mrs Helene Lydia Adamczewski Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Freight Shop Ltd
For the year ended 30 April 2016
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Research and development expenditure
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Product Development
20% Straight line
Website Development
20% Straight line
Stocks
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 costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
19,694
At 01 May 2015
At 30 April 2016
19,694
Depreciation
3,938
At 01 May 2015
3,151
Charge for year
7,089
At 30 April 2016
Net book values
At 30 April 2016
12,605
15,756
At 30 April 2015
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5
Notes to the Abbreviated Financial Statements
Freight Shop Ltd
For the year ended 30 April 2016
2016
3 Creditors: amounts falling due within one year
£
£
2015
10,000
-
Bank loans and overdrafts (secured)
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