Store 70 Uk Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07073402 (England and Wales)

STORE 70 UK LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S J Bedding

REGISTERED OFFICE:

Unit 7 St. Georges Road Industrial Estat

Donnington

Telford

Shropshire

TF2 7QZ

REGISTERED NUMBER:

07073402 (England and Wales)

ACCOUNTANTS:

Harvey Telford & Bates Chartered Accountants

10 Park Plaza

Battlefield Enterprise Park

Shrewsbury

Shropshire

SY1 3AF

FIXED ASSETS

Tangible assets

2

3,970

4,482

CURRENT ASSETS

Stocks

14,000

9,000

Debtors

317

2,100

Cash at bank

7,380

3,320

21,697

14,420

CREDITORS

Amounts falling due within one year

55,208

41,900

NET CURRENT LIABILITIES

(33,511

)

(27,480

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,541

)

(22,998

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(29,542

)

(22,999

)

SHAREHOLDERS' FUNDS

(29,541

)

(22,998

)

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 his 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 23 December 2014 and were signed by:

S J Bedding - 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.

Fixtures and fittings

-

20% on reducing balance

Stocks

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.

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

6,174

Additions

481

At 31 March 2014

6,655

DEPRECIATION

At 1 April 2013

1,692

Charge for year

993

At 31 March 2014

2,685

NET BOOK VALUE

At 31 March 2014

3,970

At 31 March 2013

4,482

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1