Micro-entity Accounts - ENCORE RETAIL LIMITED

ENCORE RETAIL LIMITED - Company Information

03806590 ENCORE RETAIL LIMITED 2017-03-31 false 2016-04-01 2017-03-31 true 03806590 2016-04-01 2017-03-31 03806590 2017-03-31 03806590 2016-03-31 03806590 uk-gaap-cd-bus:Director1 2016-04-01 2017-03-31 03806590 uk-gaap-cd-bus:Director2 2016-04-01 2017-03-31 03806590 uk-gaap-cd-bus:AllEntityOfficers 2016-04-01 2017-03-31 iso4217:GBP shares

Registered Number 03806590

ENCORE RETAIL LIMITED

Micro-entity Accounts

31 March 2017

ENCORE RETAIL LIMITED Registered Number 03806590

Micro-entity Balance Sheet as at 31 March 2017

	Notes	2017	2016
		£	£
Fixed Assets		318,773	298,480
Current assets
Stocks		47,873	48,662
Cash at bank and in hand		12,413	13,693
		60,286	62,355
Creditors: amounts falling due within one year	1	(56,208)	(65,534)
Net current assets (liabilities)		4,078	(3,179)
Total assets less current liabilities		322,851	295,301
Creditors: amounts falling due after more than one year	1	(233,681)	(215,367)
Provisions for liabilities		(1,781)	(1,781)
Total net assets (liabilities)		87,389	78,153
Capital and reserves
Called up share capital		100	100
Revaluation reserve		38,293	38,293
Profit and loss account		48,996	39,760
Shareholders' funds		87,389	78,153

For the year ending 31 March 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 July 2017

And signed on their behalf by:
Paul Woods, Director

ENCORE RETAIL LIMITED Registered Number 03806590

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Creditors

	2017 £	2016 £
Secured Debts	233,681	215,367

2Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings - 2% on cost or revalued amounts, Plant and Machinery - 15% on cost, Fixtures and fittings - 10% on cost, Motor vehicles - 25% on cost.

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation information and policy
Stocks and work -in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.