Abbreviated Company Accounts - QUILTING 4U LTD

Abbreviated Company Accounts - QUILTING 4U LTD


Registered Number 07537872

QUILTING 4U LTD

Abbreviated Accounts

28 February 2014

QUILTING 4U LTD Registered Number 07537872

Abbreviated Balance Sheet as at 28 February 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 46,310 43,575
46,310 43,575
Current assets
Stocks 7,650 6,500
Debtors 43,189 24,242
Cash at bank and in hand 48,677 18,232
99,516 48,974
Creditors: amounts falling due within one year (108,359) (93,696)
Net current assets (liabilities) (8,843) (44,722)
Total assets less current liabilities 37,467 (1,147)
Total net assets (liabilities) 37,467 (1,147)
Capital and reserves
Called up share capital 100 100
Profit and loss account 37,367 (1,247)
Shareholders' funds 37,467 (1,147)
  • For the year ending 28 February 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 September 2014

And signed on their behalf by:
MOHAMMED FARID, Director

QUILTING 4U LTD Registered Number 07537872

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 March 2013 60,010
Additions 10,000
Disposals -
Revaluations -
Transfers -
At 28 February 2014 70,010
Depreciation
At 1 March 2013 16,435
Charge for the year 7,265
On disposals -
At 28 February 2014 23,700
Net book values
At 28 February 2014 46,310
At 28 February 2013 43,575