Davies Street Folkestone Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08106199 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

DAVIES STREET FOLKESTONE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

E H J Davies

SECRETARY:

J Roddison FCA

REGISTERED OFFICE:

51 Clarkegrove Road

Sheffield

South Yorkshire

S10 2NH

REGISTERED NUMBER:

08106199 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

51 Clarkegrove Road

Sheffield

South Yorkshire

S10 2NH

CURRENT ASSETS

Stocks

4,047,379

159,789

Debtors

219,816

16,242

Cash at bank and in hand

81,193

8,906

4,348,388

184,937

CREDITORS

Amounts falling due within one year

2

4,435,328

186,586

NET CURRENT LIABILITIES

(86,940

)

(1,649

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(86,940

)

(1,649

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(86,941

)

(1,650

)

SHAREHOLDERS' FUNDS

(86,940

)

(1,649

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 12 July 2014 and were signed by:

E H J Davies - 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).

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.

CREDITORS

Creditors include an amount of £ 2,417,200 for which security has been given.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1

Ordinary

£1

1

1