The Baby Group Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05560802 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2016

for

The Baby Group Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I C Mills

Mrs C Mills

J Mills

SECRETARY:

Mrs C Mills

REGISTERED OFFICE:

21 Temple Street

Keynsham

Bristol

BS31 1HF

REGISTERED NUMBER:

05560802 (England and Wales)

ACCOUNTANTS:

Moore Stephens

Chartered Accountants

30 Gay Street

Bath

BA1 2PA

FIXED ASSETS

Intangible assets

2

12,639

13,692

Tangible assets

3

29,640

34,722

42,279

48,414

CURRENT ASSETS

Stocks

190,983

183,849

Debtors

4

42,216

30,288

Investments

5

14

14

Cash at bank and in hand

37,586

39,129

270,799

253,280

CREDITORS

Amounts falling due within one year

6

264,543

290,472

NET CURRENT ASSETS/(LIABILITIES)

6,256

(37,192

)

TOTAL ASSETS LESS CURRENT LIABILITIES

48,535

11,222

CREDITORS

Amounts falling due after more than one year

7

3,750

8,750

NET ASSETS

44,785

2,472

CAPITAL AND RESERVES

Called up share capital

10

3

3

Profit and loss account

11

44,782

2,469

SHAREHOLDERS' FUNDS

44,785

2,472

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 June 2017 and were signed on its behalf by:

I C Mills - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

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

-

15% on reducing balance

Motor vehicles

-

20% 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.

2.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2015

and 30 September 2016

21,064

AMORTISATION

At 1 October 2015

7,372

Charge for year

1,053

At 30 September 2016

8,425

NET BOOK VALUE

At 30 September 2016

12,639

At 30 September 2015

13,692

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 October 2015

27,754

37,218

64,972

Additions

1,522

-

1,522

At 30 September 2016

29,276

37,218

66,494

DEPRECIATION

At 1 October 2015

16,373

13,877

30,250

Charge for year

1,936

4,668

6,604

At 30 September 2016

18,309

18,545

36,854

NET BOOK VALUE

At 30 September 2016

10,967

18,673

29,640

At 30 September 2015

11,381

23,341

34,722

Included within the net book value of £29,640 is £18,240 (2015 - £22,800) relating to assets held

under hire purchase agreements. The depreciation charged to the financial statements in the year in

respect of such assets amounted to £4,560 (2015 - £5,700).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Trade debtors

35,079

26,007

Other debtors

7,137

4,281

42,216

30,288

5.	CURRENT ASSET INVESTMENTS

30.9.16

30.9.15

£

£

Shares in group undertakings

14

14

The company owns 100% of the issued share capital of Baby & Co Ltd and Babys-Mart Ltd. Both

companies are registered in England and Wales and are currently dormant.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.16

30.9.15

£

£

Bank loans and overdrafts

45

45

Hire purchase contracts

5,000

5,000

Trade creditors

210,848

202,818

Tax

10,998

8,598

Social security and other taxes

302

985

VAT Liability

12,261

11,060

Loan

8,000

8,000

Directors' current accounts

17,089

53,966

264,543

290,472

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.16

30.9.15

£

£

Hire purchase contracts

3,750

8,750

8.	PREFERENCE SHARES

Details of preference shares are as follows:

9.	OPERATING LEASE COMMITMENTS

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

3

Ordinary

£1

3

3

11.

RESERVES

Profit

and loss

account

£

At 1 October 2015

2,469

Profit for the year

42,313

At 30 September 2016

44,782

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed £17,089 (2015 - £53,966) to the Directors of the company.

This amount is unsecured, interest free and has no set date for repayment.

The maximum amount owed by the company during the year was £53,966.

The directors of the company have received £nil (2015 - £24,000) in dividends from the company

during the year.