Build Your Bears Wardrobe Ltd - Accounts to registrar (filleted) - small 17.3
Build Your Bears Wardrobe Ltd - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2017 |
| for |
| BUILD YOUR BEARS WARDROBE LTD |
| BUILD YOUR BEARS WARDROBE LTD (REGISTERED NUMBER: 08873594) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| BUILD YOUR BEARS WARDROBE LTD |
| Company Information |
| for the Year Ended 31 March 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Airport House |
| Suite 43-45 Purley Way |
| Croydon |
| Surrey |
| CR0 0XZ |
| BUILD YOUR BEARS WARDROBE LTD (REGISTERED NUMBER: 08873594) |
| Balance Sheet |
| 31 March 2017 |
| 31.3.17 | 31.3.16 |
| Notes | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| BUILD YOUR BEARS WARDROBE LTD (REGISTERED NUMBER: 08873594) |
| Balance Sheet - continued |
| 31 March 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| BUILD YOUR BEARS WARDROBE LTD (REGISTERED NUMBER: 08873594) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Build Your Bears Wardrobe Ltd is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Goodwill |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less |
| any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| 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 profit or loss on a straight line basis over the period of the lease. |
| Deferred tax |
| Deferred tax is not recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date which are considered as immaterial.. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| BUILD YOUR BEARS WARDROBE LTD (REGISTERED NUMBER: 08873594) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 4. | INTANGIBLE FIXED ASSETS |
| Patents |
| and |
| Goodwill | licences | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2016 |
| and 31 March 2017 |
| AMORTISATION |
| At 1 April 2016 |
| Amortisation for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 April 2016 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| 6. | STOCKS |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Stocks |
| BUILD YOUR BEARS WARDROBE LTD (REGISTERED NUMBER: 08873594) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| VAT |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Bank loans and overdrafts |
| Other loans |
| Trade creditors |
| Social security and other taxes |
| VAT | 4,854 | - |
| Directors' current accounts | 63,584 | 68,558 |
| Accrued expenses |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.3.17 | 31.3.16 |
| £ | £ |
| Other loans - 2-5 years |
| 10. | RELATED PARTY DISCLOSURES |
| At the balance sheet date included in other creditors were the following amounts due to Mrs J V Russell: |
| Current Liabilities - £63,584 (2016 - £68,558) |
| Long-Term Liabilities - £200,000 (2016 - £200,000) |
| 11. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mrs J V Russell. |
| 12. | GOING CONCERN |
| The company meets its day to day working capital requirements through long term funding from the director and |
| sole shareholder totalling £200,000. |
| On this basis, the director considers it appropriate to prepare the financial statements on the going concern |
| basis. The financial statements do not include any adjustments that would result from a withdrawal of the |
| long term funding by the company's director and shareholder. |