Ethnic Choice Ltd - Limited company - abbreviated

REGISTERED NUMBER: 04820320 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

Ethnic Choice Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr M C Swan

Mrs T Swan

SECRETARY:

Mrs T Swan

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

04820320 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

BANKERS:

Alliance and Leicester Comml Bank plc

Bridle Road

Bootle

Merseyside

GIR 0AA

FIXED ASSETS

Intangible assets

2

1,827

Tangible assets

3

1,490

1,769

3,317

3,596

CURRENT ASSETS

Stocks

44,000

Debtors

1,638

6,054

Cash at bank and in hand

17,275

14,729

62,913

64,783

CREDITORS

Amounts falling due within one year

59,465

57,556

NET CURRENT ASSETS

3,448

7,227

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,765

10,823

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

6,763

10,821

SHAREHOLDERS' FUNDS

6,765

10,823

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 3 December 2014 and were signed on its behalf by:

Mr M C Swan - 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.

Goodwill

It is not considered appropriate to amortise the goodwill at the moment.

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 etc

-

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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

1,827

NET BOOK VALUE

At 30 September 2014

1,827

At 30 September 2013

1,827

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

2,501

DEPRECIATION

At 1 October 2013

732

Charge for year

279

At 30 September 2014

1,011

NET BOOK VALUE

At 30 September 2014

1,490

At 30 September 2013

1,769

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

2

Ordinary

£1

2

Ethnic Choice Ltd - Limited company - abbreviated - 11.6

Ethnic Choice Ltd - Limited company - abbreviated - 11.6