Simi & Lola Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08273341 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2014

FOR

SIMI & LOLA LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr H B Camara

SECRETARY:

Mr H B Camara

REGISTERED OFFICE:

6 Church Arcade

Bedford

Bedfordshire

MK40 1LQ

REGISTERED NUMBER:

08273341 (England and Wales)

ACCOUNTANTS:

Stoten Gillam Limited

Chartered Accountants

Alban House

99 High Street South

Dunstable

Bedfordshire

LU6 3SF

FIXED ASSETS

Tangible assets

2

3,156

-

CURRENT ASSETS

Stocks

15,175

-

Debtors

1,991

-

Cash at bank and in hand

1,869

1

19,035

1

CREDITORS

Amounts falling due within one year

25,778

-

NET CURRENT (LIABILITIES)/ASSETS

(6,743

)

1

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,587

)

1

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(3,588

)

-

SHAREHOLDERS' FUNDS

(3,587

)

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 September 2015 and were signed by:

Mr H B Camara - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, which assumes the continued support of the

director.

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, excluding value added tax following VAT registration.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

4,612

Disposals

(400

)

At 30 November 2014

4,212

DEPRECIATION

Charge for year

1,056

At 30 November 2014

1,056

NET BOOK VALUE

At 30 November 2014

3,156

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1