Karen Carson Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04555608 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Karen Carson Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs K L A Carson

SECRETARY:

Mr N Carson

REGISTERED OFFICE:

Waveney Hill Lodge

Waveney Hill

Lowestoft

Suffolk

NR32 3PR

REGISTERED NUMBER:

04555608 (England and Wales)

ACCOUNTANTS:

CUNNINGHAMS

Number Sixty One

Alexandra Road

Lowestoft

Suffolk

NR32 1PL

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,778

2,444

1,778

2,444

CURRENT ASSETS

Stocks

600

1,260

Cash at bank

9,981

16,403

10,581

17,663

CREDITORS

Amounts falling due within one year

11,605

19,886

NET CURRENT LIABILITIES

(1,024

)

(2,223

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

754

221

CAPITAL AND RESERVES

Called up share capital

4

10

Profit and loss account

744

211

SHAREHOLDERS' FUNDS

754

221

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 8 June 2017 and were signed by:

Mrs K L A Carson - 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.

Equipment

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

5,000

AMORTISATION

At 1 November 2015

and 31 October 2016

5,000

NET BOOK VALUE

At 31 October 2016

-

At 31 October 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

11,554

DEPRECIATION

At 1 November 2015

9,110

Charge for year

666

At 31 October 2016

9,776

NET BOOK VALUE

At 31 October 2016

1,778

At 31 October 2015

2,444

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

10

Ordinary

£1

10