The Pink Fudge Shop Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06599326 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2014

FOR

THE PINK FUDGE SHOP LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M E Hodgson

REGISTERED OFFICE:

The Pink Fudge Shop

22 Main Street

Keswick

Cumbria

CA12 5JD

REGISTERED NUMBER:

06599326 (England and Wales)

ACCOUNTANTS:

Tattersall Bailey

Chartered Accountants

14A Main Street

Cockermouth

Cumbria

CA13 9LQ

FIXED ASSETS

Intangible assets

2

10,000

12,500

Tangible assets

3

8,796

10,596

18,796

23,096

CURRENT ASSETS

Stocks

2,250

500

Cash at bank and in hand

1,938

2,790

4,188

3,290

CREDITORS

Amounts falling due within one year

19,940

15,851

NET CURRENT LIABILITIES

(15,752

)

(12,561

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,044

10,535

PROVISIONS FOR LIABILITIES

1,759

2,119

NET ASSETS

1,285

8,416

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

1,284

8,415

SHAREHOLDERS' FUNDS

1,285

8,416

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 3 December 2014 and were signed by:

M E Hodgson - 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

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Computer equipment

-

20% on cost

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

25,000

AMORTISATION

At 1 May 2013

12,500

Amortisation for year

2,500

At 30 April 2014

15,000

NET BOOK VALUE

At 30 April 2014

10,000

At 30 April 2013

12,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

19,360

Additions

273

At 30 April 2014

19,633

DEPRECIATION

At 1 May 2013

8,764

Charge for year

2,073

At 30 April 2014

10,837

NET BOOK VALUE

At 30 April 2014

8,796

At 30 April 2013

10,596

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

1

Ordinary

£1

1

1