Country Carpets & Furniture Store Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: NI043475 (Northern Ireland)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Country Carpets & Furniture Store Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C Toner

Mrs S Toner

SECRETARY:

C Toner

REGISTERED OFFICE:

23A Chancellors Road

Newry

Co. Down

BT35 8PR

REGISTERED NUMBER:

NI043475 (Northern Ireland)

ACCOUNTANTS:

G P Boyle &Co.

Old Fire Station

Cecil Street

Newry

Co. Down

BT35 6AU

FIXED ASSETS

Tangible assets

2

251,452

188,927

CURRENT ASSETS

Stocks

349,850

275,325

Cash at bank

19,448

17,674

369,298

292,999

CREDITORS

Amounts falling due within one year

(280,687

)

(265,853

)

NET CURRENT ASSETS

88,611

27,146

TOTAL ASSETS LESS CURRENT LIABILITIES

340,063

216,073

CREDITORS

Amounts falling due after more than one year

(74,737

)

-

NET ASSETS

265,326

216,073

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

265,226

215,973

SHAREHOLDERS' FUNDS

265,326

216,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 24 March 2016 and were signed on its behalf by:

C Toner - 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.

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 July 2014

215,153

Additions

62,525

At 30 June 2015

277,678

DEPRECIATION

At 1 July 2014

and 30 June 2015

26,226

NET BOOK VALUE

At 30 June 2015

251,452

At 30 June 2014

188,927

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

100

Ordinary

1

100

100