1st Call Lock and Key Shop Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09145488 (England and Wales)

1st Call Lock and Key Shop Ltd

Abbreviated Unaudited Accounts

for the Period 24 July 2014 to 31 July 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

J J Kambo

J J Camp

REGISTERED OFFICE:

Meryll House

57 Worcester Road

Bromsgrove

Worcestershire

B61 7DN

REGISTERED NUMBER:

09145488 (England and Wales)

ACCOUNTANTS:

Pinfields Limited

Chartered Accountants

Meryll House

57 Worcester Road

Bromsgrove

Worcestershire

B61 7DN

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

56,384

56,384

CURRENT ASSETS

Stocks

110,130

Debtors

7,837

Cash at bank and in hand

13,348

131,315

CREDITORS

Amounts falling due within one year

4

101,542

NET CURRENT ASSETS

29,773

TOTAL ASSETS LESS CURRENT LIABILITIES

86,157

CREDITORS

Amounts falling due after more than one year

4

(53,200

)

PROVISIONS FOR LIABILITIES

(11,277

)

NET ASSETS

21,680

CAPITAL AND RESERVES

Called up share capital

5

200

Profit and loss account

21,480

SHAREHOLDERS' FUNDS

21,680

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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 20 January 2016 and were signed on its behalf by:

J J Kambo - Director

J J Camp - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

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 cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

1

At 31 July 2015

1

AMORTISATION

Amortisation for period

1

At 31 July 2015

1

NET BOOK VALUE

At 31 July 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

68,068

At 31 July 2015

68,068

DEPRECIATION

Charge for period

11,684

At 31 July 2015

11,684

NET BOOK VALUE

At 31 July 2015

56,384

4.

CREDITORS

Creditors include an amount of £ 70,000 for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

200

Ordinary

£1.00

200

200 Ordinary shares of £1.00 each were allotted and fully paid for cash at par during the period.