Abbreviated Company Accounts - MRS BEIGHTONS SWEET SHOP LIMITED
Abbreviated Company Accounts - MRS BEIGHTONS SWEET SHOP LIMITED
Registered Number 08043757
MRS BEIGHTONS SWEET SHOP LIMITED
Abbreviated Accounts
30 April 2014
MRS BEIGHTONS SWEET SHOP LIMITED Registered Number 08043757
Abbreviated Balance Sheet as at 30 April 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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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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( |
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Net current assets (liabilities) |
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( |
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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 |
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Profit and loss account |
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Shareholders' funds |
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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:
MRS BEIGHTONS SWEET SHOP LIMITED Registered Number 08043757
Notes to the Abbreviated Accounts for the period ended 30 April 2014
1Accounting Policies
Basis of measurement and preparation of accounts
The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow statement as it qualifies as a small company.
Turnover policy
Tangible assets depreciation policy
Freehold buildings 5% straight line
Motor vehicles 25% reducing balance
Equipment, fixtures and fittings 25% reducing balance
Other accounting policies
Stock and work in progress is valued at the lower of cost and estimated net realisable value.
Cost of raw materials is determined on the first in first out basis. In the case of work in progress and finished goods, cost includes all direct expenditure and production overheads based on the normal level of activity. Net realisable value is the price at which the stock can be released in the normal course of business, less further costs to completion of sale.
Hire purchase and lease transactions
Assets acquired under hire purchase agreements and finance leases are capitalised in the balance sheet and are depreciated in accordance with the company's normal policy. The outstanding liabilities under such agreements less interest not yet due are included in creditors. Interest on such agreements is charged to the profit and loss account over the term of each agreement and represents a constant proportion of the balance of capital repayments outstanding.
£ | |
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Cost | |
At 1 May 2013 |
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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 | |
At 1 May 2013 |
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Charge for the year |
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On disposals |
( |
At 30 April 2014 |
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Net book values | |
At 30 April 2014 | 185,535 |
At 30 April 2013 | 192,871 |