Colourstrings International Limited - Abbreviated accounts

COLOURSTRINGS INTERNATIONAL LIMITED - Company Information

Registered number

02404305

Colourstrings International Limited

Abbreviated Accounts

31 October 2016

Colourstrings International Limited
Registered number:		02404305
Abbreviated Balance Sheet
as at 31 October 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		733			2,621

Current assets
Stocks		45,918			35,238
Debtors		8,112			1,522
Cash at bank and in hand		21,576			30,275
		75,606			67,035

Creditors: amounts falling due within one year		(3,451)			(2,540)

Net current assets			72,155			64,495

Net assets			72,888			67,116

Capital and reserves
Called up share capital	3		8			8
Profit and loss account			72,880			67,108

Shareholders' funds			72,888			67,116

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



P A Wislocki
Director
Approved by the board on 18 January 2017

Colourstrings International Limited
Notes to the Abbreviated Accounts
for the year ended 31 October 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax, of goods and services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% straight line

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

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 November 2015					16,516
	At 31 October 2016					16,516

	Depreciation
	At 1 November 2015					13,895
	Charge for the year					1,888
	At 31 October 2016					15,783

	Net book value
	At 31 October 2016					733
	At 31 October 2015					2,621


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		8		8		8