Equatorial Crafts Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04078394 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2014

FOR

EQUATORIAL CRAFTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J P Rodgers

SECRETARY:

REGISTERED OFFICE:

Compton Offices

King Edward Street

Ashbourne

Derbyshire

DE6 1BW

REGISTERED NUMBER:

04078394 (England and Wales)

ACCOUNTANTS:

Peak Management Associates (Ashbourne) Limited

Compton Offices

King Edward Street

Ashbourne

Derbyshire

DE6 1BW

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

154

205

154

205

CURRENT ASSETS

Stocks

7,500

7,500

Debtors

42,698

9,035

Cash at bank and in hand

48,985

70,163

99,183

86,698

CREDITORS

Amounts falling due within one year

16,775

20,525

NET CURRENT ASSETS

82,408

66,173

TOTAL ASSETS LESS CURRENT LIABILITIES

82,562

66,378

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

82,560

66,376

SHAREHOLDERS' FUNDS

82,562

66,378

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 31 October 2014 and were signed by:

J P Rodgers - 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 April 2008).

Turnover

Turnover represents invoiced sales of goods less flat rate scheme VAT for the period to the 30th April 2011.

From 1st May 2011 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 2003, 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.

Computer equipment

-

25% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

and 31 January 2014

30,000

AMORTISATION

At 1 February 2013

and 31 January 2014

30,000

NET BOOK VALUE

At 31 January 2014

-

At 31 January 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

and 31 January 2014

364

DEPRECIATION

At 1 February 2013

159

Charge for year

51

At 31 January 2014

210

NET BOOK VALUE

At 31 January 2014

154

At 31 January 2013

205

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2