Fenella Smith Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07239596 (England and Wales)

FENELLA SMITH LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH APRIL 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTOR:

Mrs C F Smith

REGISTERED OFFICE:

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

REGISTERED NUMBER:

07239596 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

Lloyds TSB Bank Plc

1 Reading Road

Henley-on-Thames

Oxfordshire

RG9 1AE

FIXED ASSETS

Tangible assets

2

5,436

1,703

CURRENT ASSETS

Stocks

26,489

10,968

Debtors

42,879

19,568

Cash at bank

344

26,891

69,712

57,427

CREDITORS

Amounts falling due within one year

3

97,842

74,364

NET CURRENT LIABILITIES

(28,130

)

(16,937

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,694

)

(15,234

)

CREDITORS

Amounts falling due after more than one year

3

51,458

60,347

NET LIABILITIES

(74,152

)

(75,581

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

(74,153

)

(75,582

)

SHAREHOLDERS' FUNDS

(74,152

)

(75,581

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2014 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 3rd September 2014 and were signed by:

Mrs C F Smith - 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 and services, 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

-

20% on reducing balance

Computer equipment

-

33% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not

appropriate adjustments would have to be made to reduce assets to recoverable amounts, to provide for any

further liabilities that might arise and to re-classify fixed assets as current assets and long term liabilities as

current liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2013

2,447

Additions

5,667

At 30th April 2014

8,114

DEPRECIATION

At 1st May 2013

744

Charge for year

1,934

At 30th April 2014

2,678

NET BOOK VALUE

At 30th April 2014

5,436

At 30th April 2013

1,703

3.

CREDITORS

Creditors include an amount of £ 66,805 (2013 - £ 83,471 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

25,458

31,958

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary A

£1

1

1

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Fenella Smith Limited for the year ended 30th April 2014 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Fenella Smith Limited in accordance with our terms of engagement. Our

work has been undertaken solely to prepare for your approval the financial statements of Fenella Smith Limited and state

those matters that we have agreed to state to the director of Fenella Smith Limited in this report in accordance with AAF

2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Fenella Smith Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Fenella Smith

Limited. You consider that Fenella Smith Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fenella Smith Limited. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

3rd September 2014