Abbreviated Company Accounts - SCARLETT RIBBONS LIMITED

Abbreviated Company Accounts - SCARLETT RIBBONS LIMITED


Registered Number 08048136

SCARLETT RIBBONS LIMITED

Abbreviated Accounts

31 May 2016

SCARLETT RIBBONS LIMITED Registered Number 08048136

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1 1
1 1
Current assets
Stocks 1,500 1,200
Cash at bank and in hand 3,072 2,675
4,572 3,875
Creditors: amounts falling due within one year (8,508) (10,463)
Net current assets (liabilities) (3,936) (6,588)
Total assets less current liabilities (3,935) (6,587)
Total net assets (liabilities) (3,935) (6,587)
Capital and reserves
Called up share capital 3 100 100
Profit and loss account (4,035) (6,687)
Shareholders' funds (3,935) (6,587)
  • For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • 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.

Approved by the Board on 21 February 2017

And signed on their behalf by:
DAVID GEE, Director

SCARLETT RIBBONS LIMITED Registered Number 08048136

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Equipment - 25% straight line

2Tangible fixed assets
£
Cost
At 1 June 2015 1,528
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 1,528
Depreciation
At 1 June 2015 1,527
Charge for the year -
On disposals -
At 31 May 2016 1,527
Net book values
At 31 May 2016 1
At 31 May 2015 1
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100