Abbreviated Company Accounts - PERFECTIONERY LIMITED
Abbreviated Company Accounts - PERFECTIONERY LIMITED
Registered Number 08489372
PERFECTIONERY LIMITED
Abbreviated Accounts
30 April 2014
PERFECTIONERY LIMITED Registered Number 08489372
Abbreviated Balance Sheet as at 30 April 2014
Notes | 2014 | ||
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£ | |||
Called up share capital not paid |
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Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
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Total net assets (liabilities) |
( |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
( |
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Shareholders' funds |
( |
For the year ending 30 April 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
And signed on their behalf by:
PERFECTIONERY LIMITED Registered Number 08489372
Notes to the Abbreviated Accounts for the period ended 30 April 2014
1Accounting Policies
Basis of measurement and preparation of accounts
The financial statements have been prepared on the going concern basis on the assumption that the company can continue to rely on the support of the directors.
Accounting convention
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
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.
Tangible assets depreciation policy
Fixtures and fittings - 25% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
£ | |
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Cost | |
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2014 |
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Amortisation | |
Charge for the year |
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On disposals |
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At 30 April 2014 |
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Net book values | |
At 30 April 2014 | 23,200 |
£ | |
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Cost | |
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 April 2014 |
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Depreciation | |
Charge for the year |
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On disposals |
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At 30 April 2014 |
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Net book values | |
At 30 April 2014 | 712 |