Snooty Frox of Harrogate Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04866973 (England and Wales)

SNOOTY FROX OF HARROGATE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs H B K Haresign

REGISTERED OFFICE:

34-36 Hookstone Road

Harrogate

North Yorkshire

HG2 8BW

REGISTERED NUMBER:

04866973 (England and Wales)

ACCOUNTANTS:

DSC

Chartered Accountants

Tattersall House

East Parade

Harrogate

North Yorkshire

HG1 5LT

FIXED ASSETS

Tangible assets

2

69,197

73,807

CURRENT ASSETS

Stocks

356,014

314,137

Debtors

215,160

164,484

Cash at bank and in hand

114,108

264,547

685,282

743,168

CREDITORS

Amounts falling due within one year

160,742

239,064

NET CURRENT ASSETS

524,540

504,104

TOTAL ASSETS LESS CURRENT
LIABILITIES

593,737

577,911

PROVISIONS FOR LIABILITIES

14,000

11,345

NET ASSETS

579,737

566,566

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

579,736

566,565

SHAREHOLDERS' FUNDS

579,737

566,566

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 30 March 2017 and were signed by:

Mrs H B K Haresign - 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.

Improvements to property - 10% on cost

Plant and machinery - 25% on cost

Fixtures and fittings - 25% reducing balance

Computer equipment - 25% 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 September 2015

154,799

Additions

14,521

Disposals

(2,897

)

At 31 August 2016

166,423

DEPRECIATION

At 1 September 2015

80,992

Charge for year

18,521

Eliminated on disposal

(2,287

)

At 31 August 2016

97,226

NET BOOK VALUE

At 31 August 2016

69,197

At 31 August 2015

73,807

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1