Abbreviated Company Accounts - GIFT WRAP FACTORY LIMITED

GIFT WRAP FACTORY LIMITED - Company Information

07911285 GIFT WRAP FACTORY LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 07911285 2013-04-01 2014-03-31 07911285 2014-03-31 07911285 2013-03-31 07911285 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 07911285 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 07911285

GIFT WRAP FACTORY LIMITED

Abbreviated Accounts

31 March 2014

GIFT WRAP FACTORY LIMITED Registered Number 07911285

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Current assets
Stocks		92,500	129,000
Debtors		50,198	40,803
Cash at bank and in hand		67,512	14,358
		210,210	184,161
Creditors: amounts falling due within one year		(196,210)	(179,083)
Net current assets (liabilities)		14,000	5,078
Total assets less current liabilities		14,000	5,078
Total net assets (liabilities)		14,000	5,078
Capital and reserves
Called up share capital	2	100	100
Profit and loss account		13,900	4,978
Shareholders' funds		14,000	5,078

For the year ending 31 March 2014 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 December 2014

And signed on their behalf by:
Mr A S Kohli, Director

GIFT WRAP FACTORY LIMITED Registered Number 07911285

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting 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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Other accounting policies
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Stock
Stock is valued at the lower of cost and net realisable value.

Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

2Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100