Five Star Design and Build Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05390902 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

FIVE STAR DESIGN AND BUILD LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs D M Pandya

S Y M Pandya

SECRETARY:

Mrs D M Pandya

REGISTERED OFFICE:

84 Empress Avenue

Ilford

Essex

IG1 3DF

REGISTERED NUMBER:

05390902 (England and Wales)

ACCOUNTANTS:

Somar & Co Ltd

Accountants

47 York Road

Ilford

Essex

IG1 3AD

FIXED ASSETS

Tangible assets

2

294,991

297,725

CURRENT ASSETS

Stocks

1,654,332

1,654,332

Debtors

57,776

57,776

Cash at bank and in hand

13,159

17,921

1,725,267

1,730,029

CREDITORS

Amounts falling due within one year

641,369

634,587

NET CURRENT ASSETS

1,083,898

1,095,442

TOTAL ASSETS LESS CURRENT LIABILITIES

1,378,889

1,393,167

CREDITORS

Amounts falling due after more than one year

1,295,158

1,330,393

NET ASSETS

83,731

62,774

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

83,631

62,674

SHAREHOLDERS' FUNDS

83,731

62,774

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 22 October 2014 and were signed on its behalf by:

Mrs D M Pandya - 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 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.

Fixtures and fittings

-

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

322,695

Additions

881

At 31 March 2014

323,576

DEPRECIATION

At 1 April 2013

24,970

Charge for year

3,615

At 31 March 2014

28,585

NET BOOK VALUE

At 31 March 2014

294,991

At 31 March 2013

297,725

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary shares

£1

100

100