Liberty Oriental Carpets Limited - Limited company - abbreviated - 11.6
Liberty Oriental Carpets Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Liberty Oriental Carpets Limited |
| Abbreviated Unaudited Accounts for the Year Ended 31 October 2014 |
| Liberty Oriental Carpets Limited (Registered number: 06397207) |
| Contents of the Abbreviated Accounts |
| for the year ended 31 October 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Liberty Oriental Carpets Limited |
| Company Information |
| for the year ended 31 October 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Liberty Oriental Carpets Limited (Registered number: 06397207) |
| Abbreviated Balance Sheet |
| 31 October 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Liberty Oriental Carpets Limited (Registered number: 06397207) |
| Abbreviated Balance Sheet - continued |
| 31 October 2014 |
| The financial statements were approved by the Board of Directors on |
| Liberty Oriental Carpets Limited (Registered number: 06397207) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 October 2014 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These accounts have been prepared in accordance with applicable accounting standards. |
| 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). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as |
| a small company. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service |
| contracts where turnover is recognised when the company obtains the right to consideration. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2013 |
| Additions |
| At 31 October 2014 |
| DEPRECIATION |
| At 1 November 2013 |
| Charge for year |
| At 31 October 2014 |
| NET BOOK VALUE |
| At 31 October 2014 |
| At 31 October 2013 |
| Liberty Oriental Carpets Limited (Registered number: 06397207) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 October 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 100 | 100 |
| Dividends on each class are decided on separately. Apart form this each class of share ranks pari passu. |