Texstyle Solutions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05830003

Abbreviated Unaudited Accounts for the Year Ended 30 November 2016

for

Texstyle Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

L M Warburton

SECRETARY:

Mrs H Warburton

REGISTERED OFFICE:

Bridge House

12 Market Street

Glossop

Derbyshire

SK13 8AR

REGISTERED NUMBER:

05830003

ACCOUNTANTS:

Lomas and Company Accountants Limited

Bridge House

12 Market Street

Glossop

Derbyshire

SK13 8AR

FIXED ASSETS

Tangible assets

2

5,464

5,551

CURRENT ASSETS

Debtors

19,352

16,064

Cash at bank

34,325

25,888

53,677

41,952

CREDITORS

Amounts falling due within one year

29,605

12,668

NET CURRENT ASSETS

24,072

29,284

TOTAL ASSETS LESS CURRENT LIABILITIES

29,536

34,835

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

29,436

34,735

SHAREHOLDERS' FUNDS

29,536

34,835

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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 5 June 2017 and were signed by:

L M Warburton - 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

-

not provided

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

10,408

Additions

787

At 30 November 2016

11,195

DEPRECIATION

At 1 December 2015

4,857

Charge for year

874

At 30 November 2016

5,731

NET BOOK VALUE

At 30 November 2016

5,464

At 30 November 2015

5,551

3.	CALLED UP SHARE CAPITAL

Allotted

and

issued:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

100

Ordinary

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2016 and

30 November 2015:

30.11.16

30.11.15

£

L M Warburton

Balance outstanding at start of year

-

Amounts advanced

4,153

-

Amounts repaid

-

Balance outstanding at end of year

4,153

-