Company Registration No. 08433851 (England and Wales)
RETRO DAISY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
RETRO DAISY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3
RETRO DAISY LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
8,000
12,000
Tangible assets
2
868
1,436
8,868
13,436
Current assets
Stocks
36,004
28,643
Debtors
12,294
10,238
Cash at bank and in hand
7,845
6,901
56,143
45,782
Creditors: amounts falling due within one year
(27,507)
(12,079)
Net current assets
28,636
33,703
Total assets less current liabilities
37,504
47,139
Creditors: amounts falling due after more than one year
(26,546)
(31,850)
Provisions for liabilities
(200)
(300)
10,758
14,989
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
10,658
14,889
Shareholders' funds
10,758
14,989
RETRO DAISY LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
- 2 -
For the financial year ended 31 May 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 25 January 2017
Mr J M Daws
Director
Company Registration No. 08433851
RETRO DAISY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 3 -
1
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
Turnover
Turnover is recognised at the point of sale and represents amounts receivable for goods net of VAT . is recognised at the point of sale and represents amounts receivable for goods net of VAT.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of five years of five years
1.4
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% p.a straight line
Fixtures, fittings & equipment
20% p.a straight line
Motor vehicles
25% p.a straight line
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 June 2015 & at 31 May 2016
20,000
2,482
22,482
Depreciation
At 1 June 2015
8,000
1,046
9,046
Charge for the year
4,000
568
4,568
At 31 May 2016
12,000
1,614
13,614
Net book value
At 31 May 2016
8,000
868
8,868
At 31 May 2015
12,000
1,436
13,436
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 ordinary shares of £1 each
100
100
2016-05-312015-06-01falsetruetruetruetruetruetmp187C.html2017-01-27084338512015-06-012016-05-31084338512016-05-31084338512015-05-31084338512015-05-3108433851uk-bus:Director12015-06-012016-05-3108433851uk-gaap:ComputerEquipment2015-06-012016-05-3108433851uk-gaap:FixturesFittingsToolsEquipment2015-06-012016-05-3108433851uk-gaap:MotorVehicles2015-06-012016-05-3108433851uk-bus:OrdinaryShareClass12015-06-012016-05-3108433851uk-bus:OrdinaryShareClass12016-05-3108433851uk-bus:OrdinaryShareClass12015-05-31xbrli:purexbrli:sharesiso4217:GBP
