Accounts filed on 30-11-2016


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30/11/2016

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 04327073


Registered Number: 04327073

BALANCE SHEET AT 30/11/2016

			2016		2015
	Notes		£		£

FIXED ASSETS
Tangible assets	2		507		675

CURRENT ASSETS
Stock		2,438,808		1,926,808
Debtors (amounts falling due within one year)	3	919,365		482,466
Cash at bank and in hand		16		1,037
		3,358,189		2,410,311
CREDITORS: Amounts falling due within one year		1,584,225		170,109
NET CURRENT ASSETS			1,773,964		2,240,202
TOTAL ASSETS LESS CURRENT LIABILITIES			1,774,471		2,240,877


CREDITORS: Amounts falling due after more than one year	4		1,074,249		1,541,367

NET ASSETS			700,222		699,510

CAPITAL AND RESERVES

Called up share capital	5		2		2
Profit and loss account			700,220		699,508
SHAREHOLDERS' FUNDS			700,222		699,510

For the year ending 30/11/2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board on 03/07/2017 and signed on their behalf by




P O'Brien
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		15%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




3. DEBTORS	2016	2015
	£	£

Amounts falling due within one year:
Trade debtors	398,525	-
VAT	52,710	-
Other debtors	468,130	482,466
	919,365	482,466




4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2016	2015
	£	£
Bank loans and overdrafts	1,074,249	1,541,367
	1,074,249	1,541,367




5. SHARE CAPITAL	2016	2015
	£	£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each	2	2
	2	2