Poundstore Plus Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC392474 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

Poundstore Plus Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs Lisa Rigby-Waters

REGISTERED OFFICE:

162 Main Street

Barrhead

Glasgow

G78 1SL

REGISTERED NUMBER:

SC392474 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

2

8,455

9,947

CURRENT ASSETS

Stock

10,950

12,436

Debtors

4,300

9,918

Cash at bank and in hand

2,527

10,019

17,777

32,373

CREDITORS

Amounts falling due within one year

25,784

16,623

NET CURRENT (LIABILITIES)/ASSETS

(8,007

)

15,750

TOTAL ASSETS LESS CURRENT LIABILITIES

448

25,697

CREDITORS

Amounts falling due after more than one year

(455

)

(10,864

)

PROVISIONS FOR LIABILITIES

(1,691

)

(1,989

)

NET (LIABILITIES)/ASSETS

(1,698

)

12,844

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(1,798

)

12,744

SHAREHOLDERS' FUNDS

(1,698

)

12,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 31 July 2014 and were signed by:

Mrs Lisa Rigby-Waters - 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.

Fittings and equipment

-

15% on reducing balance

Stocks

Stock 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

13,768

DEPRECIATION

At 1 April 2013

3,821

Charge for year

1,492

At 31 March 2014

5,313

NET BOOK VALUE

At 31 March 2014

8,455

At 31 March 2013

9,947

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100