Party Ark Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05339201 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Party Ark Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A J Potts

Ms E R Potts

SECRETARY:

Ms E R Potts

REGISTERED OFFICE:

1 Millers Barn

Seaton Road

Harringworth

Corby

Northamptonshire

NN17 3AF

REGISTERED NUMBER:

05339201 (England and Wales)

ACCOUNTANTS:

Cumulo Accountancy and Taxation Limited

6 Crown Passage

Uppingham

Rutland

LE15 9NB

FIXED ASSETS

Tangible assets

2

13,160

19,249

CURRENT ASSETS

Stocks

47,255

52,846

Debtors

4,818

3,157

Cash at bank and in hand

16,689

13,111

68,762

69,114

CREDITORS

Amounts falling due within one year

44,126

39,246

NET CURRENT ASSETS

24,636

29,868

TOTAL ASSETS LESS CURRENT LIABILITIES

37,796

49,117

CREDITORS

Amounts falling due after more than one year

(2,080

)

(3,892

)

PROVISIONS FOR LIABILITIES

(71

)

(727

)

NET ASSETS

35,645

44,498

CAPITAL AND RESERVES

Called up share capital

3

120

120

Profit and loss account

35,525

44,378

SHAREHOLDERS' FUNDS

35,645

44,498

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 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 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 Board of Directors on 21 November 2014 and were signed on its behalf by:

A J Potts - 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, 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

62,573

Additions

573

At 31 March 2014

63,146

DEPRECIATION

At 1 April 2013

43,324

Charge for year

6,662

At 31 March 2014

49,986

NET BOOK VALUE

At 31 March 2014

13,160

At 31 March 2013

19,249

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100

10

Non Voting "A" Shares

£1

10

10

10

Non Voting "B" Shares

£1

10

10

120

120