Shirt Shack Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06661817 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2015

for

Shirt Shack Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M W Freeman

REGISTERED OFFICE:

14a Albany Road

Weymouth

Dorset

DT4 9TH

REGISTERED NUMBER:

06661817 (England and Wales)

ACCOUNTANTS:

Advoco

Chartered Certified Accountants

Chartered Tax Advisers

14a Albany Road

Weymouth

Dorset

DT4 9TH

FIXED ASSETS

Tangible assets

2

141,170

139,252

CURRENT ASSETS

Stocks

10,050

8,900

Debtors

3,659

11,060

Cash at bank and in hand

-

27,906

13,709

47,866

CREDITORS

Amounts falling due within one year

54,690

85,317

NET CURRENT LIABILITIES

(40,981

)

(37,451

)

TOTAL ASSETS LESS CURRENT LIABILITIES

100,189

101,801

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

100,089

101,701

SHAREHOLDERS' FUNDS

100,189

101,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 30 November 2015 and were signed by:

M W Freeman - 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, excluding value added tax.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on cost

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 March 2014

252,567

Additions

35,543

At 28 February 2015

288,110

DEPRECIATION

At 1 March 2014

113,315

Charge for year

33,625

At 28 February 2015

146,940

NET BOOK VALUE

At 28 February 2015

141,170

At 28 February 2014

139,252

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£100

100

100

4.	ULTIMATE PARENT COMPANY

During the period the company was controlled by Mr M W freeman by Virtue of the fact that

he owns 50% of the Company's issued Ordinary shares capital and that the remaining 50%

is owned by his wife Mrs N J Freeman. Therefore Mr M W Freeman has a Beneficial

interest of 100%