Abbreviated Company Accounts - JANET KENNEDY LTD
Abbreviated Company Accounts - JANET KENNEDY LTD
Registered Number NI610549
JANET KENNEDY LTD
Abbreviated Accounts
28 February 2014
JANET KENNEDY LTD Registered Number NI610549
Abbreviated Balance Sheet as at 28 February 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 28 February 2014 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
And signed on their behalf by:
JANET KENNEDY LTD Registered Number NI610549
Notes to the Abbreviated Accounts for the period ended 28 February 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Fixtures, fittings and equipment - 20% Straight line
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
Other accounting policies
Stocks are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the balance sheet date.
£ | |
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Cost | |
At 1 March 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 28 February 2014 |
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Depreciation | |
At 1 March 2013 |
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Charge for the year |
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On disposals |
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At 28 February 2014 |
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Net book values | |
At 28 February 2014 | 1,679 |
At 28 February 2013 | 2,095 |