| Pondskipper Crafts Ltd |
| Registered number: |
06819961 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
10,000 |
|
|
10,000 |
| Tangible assets |
3 |
|
|
1,395 |
|
|
3,156 |
|
|
|
|
11,395 |
|
|
13,156 |
|
| Current assets |
| Stocks |
|
|
49,574 |
|
|
61,426 |
| Debtors |
|
|
221 |
|
|
1,551 |
| Cash at bank and in hand |
|
|
- |
|
|
859 |
|
|
|
49,795 |
|
|
63,836 |
|
| Creditors: amounts falling due within one year |
|
|
(98,974) |
|
|
(98,702) |
|
| Net current liabilities |
|
|
|
(49,179) |
|
|
(34,866) |
|
| Net liabilities |
|
|
|
(37,784) |
|
|
(21,710) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(37,786) |
|
|
(21,712) |
|
| Shareholders' funds |
|
|
|
(37,784) |
|
|
(21,710) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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 provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr S G Read |
| Director |
| Approved by the board on 10 December 2014 |
|
| Pondskipper Crafts Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures and fittings |
25% / 33% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
10,000 |
|
At 31 March 2014 |
10,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 March 2014 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
10,000 |
|
At 31 March 2013 |
10,000 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
13,499 |
|
Disposals |
(4,498) |
|
At 31 March 2014 |
9,001 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
10,343 |
|
Charge for the year |
838 |
|
On disposals |
(3,575) |
|
At 31 March 2014 |
7,606 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
1,395 |
|
At 31 March 2013 |
3,156 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
