CAMPBELL'S_BOYS'_SHOP_LIM - Accounts

CAMPBELLS BOYS SHOP LIMITED - Company Information

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Company Registration No. SC032123 (Scotland)

CAMPBELL'S BOYS' SHOP LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

CAMPBELL'S BOYS' SHOP LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CAMPBELL'S BOYS' SHOP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

3,424

3,805

Current assets

Stocks

25,250

39,250

Debtors

4,624

4,840

Cash at bank and in hand

7,747

4,090

37,621

48,180

Creditors: amounts falling due within one year

(46,764)

(47,110)

Net current liabilities/(assets)

(9,143)

1,070

Total assets less current liabilities

(5,719)

4,875

Provisions for liabilities

(616)

(6,335)

4,259

Capital and reserves

Called up share capital

2,000

Other reserves

2,595

Profit and loss account

(10,930)

(336)

Shareholders' funds

(6,335)

4,259

For the financial year ended 28 February 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 28 February 2017

James G Campbell

Director

Company Registration No. SC032123

CAMPBELL'S BOYS' SHOP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 2 -

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

1.3

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Land and buildings Freehold

4% on cost

Computer equipment

25% on cost

Fixtures, fittings & equipment

10% reducing balance

1.4

Stock

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

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 March 2015 & at 28 February 2016

34,683

Depreciation

At 1 March 2015

30,878

Charge for the year

381

At 28 February 2016

31,259

Net book value

At 28 February 2016

3,424

At 28 February 2015

3,805

CAMPBELL'S BOYS' SHOP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

2,000 Ordinary of £1 each

2,000