A Bit of French Limited - Abbreviated accounts

A Bit of French Limited - Abbreviated accounts


Registered number
03422989
A Bit of French Limited
Unaudited Abbreviated Accounts
31 August 2015
A Bit of French Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of A Bit of French Limited for the year ended 31 August 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of A Bit of French Limited for the year ended 31 August 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
Acorn Accounting Solutions Limited
Chartered Accountants
9 Tamar Down
Waterlooville
Hampshire
PO7 8QJ
18 March 2016
A Bit of French Limited
Registered number: 03422989
Abbreviated Balance Sheet
as at 31 August 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 4,861 6,480
Current assets
Stocks 3,050 3,200
Debtors 5,798 5,375
Cash at bank and in hand 2,762 450
11,610 9,025
Creditors: amounts falling due within one year (15,294) (30,247)
Net current liabilities (3,684) (21,222)
Net assets/(liabilities) 1,177 (14,742)
Capital and reserves
Called up share capital 3 4 4
Profit and loss account 1,173 (14,746)
Shareholders' funds 1,177 (14,742)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
J K Norris
Director
Approved by the board on 18 March 2016
A Bit of French Limited
Notes to the Abbreviated Accounts
for the year ended 31 August 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible fixed assets £
Cost
At 1 September 2014 41,956
At 31 August 2015 41,956
Depreciation
At 1 September 2014 35,476
Charge for the year 1,619
At 31 August 2015 37,095
Net book value
At 31 August 2015 4,861
At 31 August 2014 6,480
3 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 4 4 4
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