Stylishly Digital Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09846779 (England and Wales)

STYLISHLY DIGITAL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

28 OCTOBER 2015 TO 31 DECEMBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J R Tomkins

Mrs A G Tomkins

REGISTERED OFFICE:

The White House

57-63 Church Road

Wimbledon Village

London

SW19 5SB

REGISTERED NUMBER:

09846779 (England and Wales)

FIXED ASSETS

Tangible assets

2

800

CURRENT ASSETS

Debtors

1,869

Cash at bank

2,632

4,501

CREDITORS

Amounts falling due within one year

22,049

NET CURRENT LIABILITIES

(17,548

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,748

)

PROVISIONS FOR LIABILITIES

160

NET LIABILITIES

(16,908

)

CAPITAL AND RESERVES

Called up share capital

3

12,578

Share premium

103,078

Profit and loss account

(132,564

)

SHAREHOLDERS' FUNDS

(16,908

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 8 March 2017 and were signed on its behalf by:

Mr J R Tomkins - 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 affiliate commissions earned from retailers or their representatives.

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

-

Straight line over 3 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Going concern basis

The directors have noted the company's negative net assets at the balance sheet date. The directors

have confirmed that they will not require repayment of their directors' loan accounts until such time as

the company's position improves. As a result, the directors consider that it is appropriate to prepare the

financial statements on a going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

999

At 31 December 2016

999

DEPRECIATION

Charge for period

199

At 31 December 2016

199

NET BOOK VALUE

At 31 December 2016

800

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

12,578

Ordinary

1

12,578