Callaghan Tailor Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01298714 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

CALLAGHAN TAILOR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C J Callaghan

Mrs S E Callaghan

SECRETARY:

Mrs S E Callaghan

REGISTERED OFFICE:

12 Suffolk Street

Birmingham

B1 1LT

REGISTERED NUMBER:

01298714 (England and Wales)

ACCOUNTANTS:

Bowker, Stevens & Co

Suite No. 2, Centre Court

Vine Lane

Halesowen

West Midlands

B63 3EB

FIXED ASSETS

Tangible assets

2

1,185

1,393

Investments

3

9,840

12,303

11,025

13,696

CURRENT ASSETS

Stocks

48,283

44,996

Debtors

2,130

1,933

Cash at bank and in hand

89,946

80,149

140,359

127,078

CREDITORS

Amounts falling due within one year

51,776

50,146

NET CURRENT ASSETS

88,583

76,932

TOTAL ASSETS LESS CURRENT LIABILITIES

99,608

90,628

CAPITAL AND RESERVES

Called up share capital

4

4,000

4,000

Profit and loss account

95,608

86,628

SHAREHOLDERS' FUNDS

99,608

90,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 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 Board of Directors on 27 February 2015 and were signed on its behalf by:

C J Callaghan - 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, net of trade discounts, value added tax and other related taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

27,141

DEPRECIATION

At 1 August 2013

25,748

Charge for year

208

At 31 July 2014

25,956

NET BOOK VALUE

At 31 July 2014

1,185

At 31 July 2013

1,393

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 August 2013

12,303

Additions

51

Disposals

(2,514

)

At 31 July 2014

9,840

NET BOOK VALUE

At 31 July 2014

9,840

At 31 July 2013

12,303

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

4,000

Ordinary

£1

4,000

4,000