Sugar Plum Accessories Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03667719 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

SUGAR PLUM ACCESSORIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Marc Nicholas Grayson

SECRETARY:

M J Grayson

REGISTERED OFFICE:

7 William Close

Gedling

Nottingham

NG4 5FS

REGISTERED NUMBER:

03667719 (England and Wales)

ACCOUNTANTS:

Collins Chapple & Co Limited

34a Musters Road

West Bridgford

Nottingham

NG2 7PL

FIXED ASSETS

Tangible assets

2

122

163

CURRENT ASSETS

Stocks

11,000

11,000

Debtors

4,729

7,111

Cash at bank and in hand

6,244

5,964

21,973

24,075

CREDITORS

Amounts falling due within one year

14,980

22,869

NET CURRENT ASSETS

6,993

1,206

TOTAL ASSETS LESS CURRENT LIABILITIES

7,115

1,369

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

7,015

1,269

SHAREHOLDERS' FUNDS

7,115

1,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 28 January 2016 and were signed by:

Marc Nicholas Grayson - 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.

Fixtures and fittings

-

25% 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

At 1 January 2015

and 31 December 2015

4,188

DEPRECIATION

At 1 January 2015

4,025

Charge for year

41

At 31 December 2015

4,066

NET BOOK VALUE

At 31 December 2015

122

At 31 December 2014

163

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

100

Share capital 1

£1

100

100