Designer Time Limited - Limited company - abbreviated - 11.0.0
Designer Time Limited - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 31 October 2013 |
for |
Designer Time Limited |
Designer Time Limited (Registered number: 07401798) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 October 2013 |
Page |
Company Information | 1 |
Chartered Accountants' Report | 2 |
Abbreviated Balance Sheet | 3 |
Notes to the Abbreviated Accounts | 4 |
Designer Time Limited |
Company Information |
for the Year Ended 31 October 2013 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
and Registered Auditors |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Designer Time Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to four) |
have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Designer Time Limited for the year ended 31 October 2013 which comprise the Profit and Loss |
Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject |
to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Designer Time Limited, as a body, in accordance with our terms |
of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Designer |
Time Limited and state those matters that we have agreed to state to the Board of Directors of Designer Time Limited, |
as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent |
permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of |
Directors, as a body, for our work or for this report. |
It is your duty to ensure that Designer Time Limited has kept adequate accounting records and to prepare statutory |
financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Designer Time |
Limited. You consider that Designer Time Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Designer Time Limited. For |
this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations |
you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
and Registered Auditors |
15 October 2014 |
Designer Time Limited (Registered number: 07401798) |
Abbreviated Balance Sheet |
31 October 2013 |
31.10.13 | 31.10.12 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash in hand |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors on |
Designer Time Limited (Registered number: 07401798) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 October 2013 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
Tangible fixed assets |
Short leasehold | - |
Plant and machinery | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2012 |
Additions |
Disposals | ( |
) |
At 31 October 2013 |
DEPRECIATION |
At 1 November 2012 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 October 2013 |
NET BOOK VALUE |
At 31 October 2013 |
At 31 October 2012 |
3. | CREDITORS |
Creditors include an amount of £ |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.13 | 31.10.12 |
value: | £ | £ |
Ordinary | £1 |