HARLEQUIN_FANCY_DRESS_LIM - Accounts

HARLEQUIN FANCY DRESS LIMITED - Company Information

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Company Registration No. 05905015 (England and Wales)

HARLEQUIN FANCY DRESS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

HARLEQUIN FANCY DRESS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

HARLEQUIN FANCY DRESS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

17,500

Tangible assets

3,041

4,056

3,041

21,556

Current assets

Stocks

102,871

89,243

Debtors

3,652

Cash at bank and in hand

39,661

50,082

142,532

142,977

Creditors: amounts falling due within one year

(116,271)

(116,439)

Net current assets

26,261

26,538

Total assets less current liabilities

29,302

48,094

Creditors: amounts falling due after more than one year

(2,100)

(7,561)

27,202

40,533

Capital and reserves

Called up share capital

100

Profit and loss account

27,102

40,433

Shareholders' funds

27,202

40,533

HARLEQUIN FANCY DRESS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 OCTOBER 2016

- 2 -

For the financial year ended 31 October 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 20 February 2017

Mrs M Attwell

Director

Company Registration No. 05905015

HARLEQUIN FANCY DRESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 3 -

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Fixtures, fittings & equipment

25% Reducing Balance

Motor vehicles

25% Reducing Balance

1.6

Stock

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

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 November 2015 & at 31 October 2016

175,000

21,925

196,925

Depreciation

At 1 November 2015

157,500

17,870

175,370

Charge for the year

17,500

1,014

18,514

At 31 October 2016

175,000

18,884

193,884

Net book value

At 31 October 2016

3,041

At 31 October 2015

17,500

4,056

21,556

Creditors: amounts falling due within one year

The bank overdraft is secured by fixed and floating charges.

HARLEQUIN FANCY DRESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100