Street Clothes Limited - Limited company - abbreviated - 11.6
Street Clothes Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended |
| 28 February 2014 |
| for |
| Street Clothes Limited |
| Street Clothes Limited (Registered number: 01456300) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 28 February 2014 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 3 |
| Street Clothes Limited (Registered number: 01456300) |
| Abbreviated Balance Sheet |
| 28 February 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Street Clothes Limited (Registered number: 01456300) |
| Abbreviated Balance Sheet - continued |
| 28 February 2014 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Street Clothes Limited (Registered number: 01456300) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 28 February 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
| Entities (effective April 2008). |
| Turnover |
| Turnover comprises revenue recognised by the company in respect of services supplied during the |
| year, exclusive of Value Added Tax. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
| changes in market value is transferred to a revaluation reserve. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
| Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
| held under finance leases are depreciated over their estimated useful lives or the lease term, |
| whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant |
| period. The capital element of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to the profit and loss account in the period to which they |
| relate. |
| Street Clothes Limited (Registered number: 01456300) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 28 February 2014 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2013 |
| Additions |
| Disposals | ( |
) |
| Transfer to investment |
| property | ( |
) |
| At 28 February 2014 |
| DEPRECIATION |
| At 1 March 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| Transfer to investment |
| property | ( |
) |
| At 28 February 2014 |
| NET BOOK VALUE |
| At 28 February 2014 |
| At 28 February 2013 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 March 2013 |
| Revaluations |
| Transfer from freehold |
| property |
| At 28 February 2014 |
| NET BOOK VALUE |
| At 28 February 2014 |
| At 28 February 2013 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | 1 |