Abbreviated Company Accounts - NO. 1 LONDON LIMITED

NO. 1 LONDON LIMITED - Company Information

03534870 NO. 1 LONDON LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 03534870 2013-04-01 2014-03-31 03534870 2014-03-31 03534870 2013-03-31 03534870 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 03534870 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 03534870

NO. 1 LONDON LIMITED

Abbreviated Accounts

31 March 2014

NO. 1 LONDON LIMITED Registered Number 03534870

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,451,513	1,451,513
		1,451,513	1,451,513
Current assets
Stocks		828,120	828,120
Debtors		1,023,390	765,394
Cash at bank and in hand		50,826	28,414
		1,902,336	1,621,928
Creditors: amounts falling due within one year		(323,409)	(211,136)
Net current assets (liabilities)		1,578,927	1,410,792
Total assets less current liabilities		3,030,440	2,862,305
Total net assets (liabilities)		3,030,440	2,862,305
Capital and reserves
Called up share capital	3	300,002	300,002
Share premium account		900,000	900,000
Profit and loss account		1,830,438	1,662,303
Shareholders' funds		3,030,440	2,862,305

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 31 December 2014

And signed on their behalf by:
A C Trepel, Director

NO. 1 LONDON LIMITED Registered Number 03534870

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 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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% straight line
Motor vehicles 25% straight line

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 April 2013	1,451,513
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	1,451,513
Depreciation
At 1 April 2013	-
Charge for the year	-
On disposals	-
At 31 March 2014	-
Net book values
At 31 March 2014	1,451,513
At 31 March 2013	1,451,513

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
300,002 Ordinary shares of £1 each	300,002	300,002