The London Coat Company Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06839157 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

THE LONDON COAT COMPANY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mrs R Dreyfuss

REGISTERED OFFICE:

214 Stamford Hill

London

N16 6RA

REGISTERED NUMBER:

06839157 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

2

27,015

22,789

CURRENT ASSETS

Stocks

221,598

146,214

Debtors

69,448

73,097

Cash at bank

498

-

291,544

219,311

CREDITORS

Amounts falling due within one year

156,975

108,907

NET CURRENT ASSETS

134,569

110,404

TOTAL ASSETS LESS CURRENT
LIABILITIES

161,584

133,193

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

161,583

133,192

SHAREHOLDERS' FUNDS

161,584

133,193

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 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 27 August 2017 and were signed by:

Mrs R Dreyfuss - 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.

Short leasehold

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

41,045

Additions

9,923

At 30 November 2016

50,968

DEPRECIATION

At 1 December 2015

18,256

Charge for year

5,697

At 30 November 2016

23,953

NET BOOK VALUE

At 30 November 2016

27,015

At 30 November 2015

22,789

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

1

Ordinary

£1

1