Sharenow Limited - Limited company - abbreviated

REGISTERED NUMBER: 02536281 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30th June 2014

for

Sharenow Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S H Colman

A N Carless

P R Colman

Mrs A Colman

REGISTERED OFFICE:

1 Vine Terrace

Harborne

Birmingham

West Midlands

B17 9PU

REGISTERED NUMBER:

02536281 (England and Wales)

ACCOUNTANTS:

Ian Todd & Co

Holdford Road

Witton

Birmingham

B6 7EP

FIXED ASSETS

Tangible assets

2

1,015

1,353

CURRENT ASSETS

Stocks

483,290

484,545

Debtors

6,511

8,174

Cash at bank

630,003

618,516

1,119,804

1,111,235

CREDITORS

Amounts falling due within one year

616,419

632,814

NET CURRENT ASSETS

503,385

478,421

TOTAL ASSETS LESS CURRENT
LIABILITIES

504,400

479,774

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

504,390

479,764

SHAREHOLDERS' FUNDS

504,400

479,774

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 17th November 2014 and
were signed on its behalf by:

P R Colman - 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.

25% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2013

and 30th June 2014

4,495

DEPRECIATION

At 1st July 2013

3,142

Charge for year

338

At 30th June 2014

3,480

NET BOOK VALUE

At 30th June 2014

1,015

At 30th June 2013

1,353

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.14

30.6.13

value:

£

10

Ordinary

£1

10

Sharenow Limited - Limited company - abbreviated - 11.0.0

Sharenow Limited - Limited company - abbreviated - 11.0.0