Samantha Edwards Gifts Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07404484 (England and Wales)

Unaudited Financial Statements

for the Period 1 January 2018 to 28 February 2018

for

Samantha Edwards Gifts Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S Edwards

J Edwards

REGISTERED OFFICE:

50 High Street

Cowbridge

Vale of Glamorgan

CF71 7AH

REGISTERED NUMBER:

07404484 (England and Wales)

ACCOUNTANTS:

JK Accountancy

The Business Centre

Cardiff Road

Barry

CF63 2AW

FIXED ASSETS

Tangible assets

4

11,955

12,299

CURRENT ASSETS

Stocks

5

-

9,600

Debtors

6

-

75

-

9,675

CREDITORS

Amounts falling due within one year

7

140,477

136,556

NET CURRENT LIABILITIES

(140,477

)

(126,881

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(128,522

)

(114,582

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(128,622

)

(114,682

)

SHAREHOLDERS' FUNDS

(128,522

)

(114,582

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 October 2018 and were signed on its behalf by:

J Edwards - Director

1.	STATUTORY INFORMATION

Samantha Edwards Gifts Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Short Leasehold - 10 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2018

and 28 February 2018

20,000

4,594

552

25,146

DEPRECIATION

At 1 January 2018

10,000

2,717

130

12,847

Charge for period

-

281

63

344

At 28 February 2018

10,000

2,998

193

13,191

NET BOOK VALUE

At 28 February 2018

10,000

1,596

359

11,955

At 31 December 2017

10,000

1,877

422

12,299

5.

STOCKS

28.2.18

31.12.17

£

£

Stocks

-

9,600

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

31.12.17

£

£

Prepayments

-

75

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.18

31.12.17

£

£

Bank loans and overdrafts (see note 8)

15,917

9,462

Directors' loan accounts

124,470

127,094

Accrued expenses

90

-

140,477

136,556

8.

LOANS

An analysis of the maturity of loans is given below:

28.2.18

31.12.17

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

8,048

2,642

Bank loans

7,869

6,820

15,917

9,462

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.18

31.12.17

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 January 2018

(114,682

)

Deficit for the period

(13,940

)

At 28 February 2018

(128,622

)