The Country Store (Collingham) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04013163 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

The Country Store (Collingham) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr D T Johnson

Ms L G Johnson

REGISTERED OFFICE:

13 Elizabeth Court

Collingham

Wetherby

West Yorkshire

LS22 5JL

REGISTERED NUMBER:

04013163 (England and Wales)

ACCOUNTANTS:

Franks Accountants Limited

11 The Shambles

Wetherby

West Yorkshire

LS22 6NG

FIXED ASSETS

Tangible assets

2

12,755

13,631

CURRENT ASSETS

Stocks

86,759

79,800

Debtors

11,482

9,055

Cash in hand

397

387

98,638

89,242

CREDITORS

Amounts falling due within one year

107,215

92,991

NET CURRENT LIABILITIES

(8,577

)

(3,749

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,178

9,882

CAPITAL AND RESERVES

Called up share capital

3

120

Profit and loss account

4,058

9,762

SHAREHOLDERS' FUNDS

4,178

9,882

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 12 February 2017 and were signed on its
behalf by:

Mr D T Johnson - 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 invoiced sales of goods, excluding value added tax.

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

-

at variable rates 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

57,588

Additions

1,924

At 30 June 2016

59,512

DEPRECIATION

At 1 July 2015

43,957

Charge for year

2,800

At 30 June 2016

46,757

NET BOOK VALUE

At 30 June 2016

12,755

At 30 June 2015

13,631

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

1

100

20

Class A

1

20

120