The Shoe Healer Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05580279 (England and Wales)

THE SHOE HEALER LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs A Frith

Mr A Frith

Mr R Smith

Mrs M Smith

SECRETARY:

Mrs A Frith

REGISTERED OFFICE:

42-44 Scot Lane

Doncaster

South Yorkshire

DN1 1ES

REGISTERED NUMBER:

05580279 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

29,127

36,490

29,127

36,490

CURRENT ASSETS

Stocks

58,135

62,370

Debtors

9,286

8,695

Cash at bank and in hand

22,606

15,827

90,027

86,892

CREDITORS

Amounts falling due within one year

4

106,896

104,585

NET CURRENT LIABILITIES

(16,869

)

(17,693

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,258

18,797

CREDITORS

Amounts falling due after more than one
year

4

(3,333

)

(8,333

)

PROVISIONS FOR LIABILITIES

(5,550

)

(6,962

)

NET ASSETS

3,375

3,502

CAPITAL AND RESERVES

Called up share capital

5

4

Profit and loss account

3,371

3,498

SHAREHOLDERS' FUNDS

3,375

3,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3 February 2017 and were signed on its behalf by:

Mrs A Frith - Director

Mr A Frith - Director

Mrs M Smith - Director

Mr R Smith - Director

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

10,000

AMORTISATION

At 1 October 2015

and 30 September 2016

10,000

NET BOOK VALUE

At 30 September 2016

-

At 30 September 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

69,383

DEPRECIATION

At 1 October 2015

32,893

Charge for year

7,363

At 30 September 2016

40,256

NET BOOK VALUE

At 30 September 2016

29,127

At 30 September 2015

36,490

4.

CREDITORS

Creditors include an amount of £ 8,333 (2015 - £ 13,333 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

4

Ordinary

£1

4

6.	GOING CONCERN

The accounts have been prepared on the going concern basis. At the balance sheet date the company had net

current liabilities of £16,869 (2015 - £17,693). The directors consider the basis of the preparation to be

appropriate as a result of expected continuing financial support from the company's principal creditors and future

prospects.