One Stop Craft Shop Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04668509 (England and Wales)

ONE STOP CRAFT SHOP LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 MAY 2014 TO 30 SEPTEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S Pettefer

Mrs A L Pettefer

REGISTERED OFFICE:

1 Clarendon Drive

Wymbush

Milton Keynes

Buckinghamshire

MK8 8DA

REGISTERED NUMBER:

04668509 (England and Wales)

ACCOUNTANTS:

Haines Watts Luton Limited

42 High Street

Flitwick

Bedfordshire

MK45 1DU

FIXED ASSETS

Tangible assets

2

1,379

1,012

CURRENT ASSETS

Stocks

45,875

34,251

Debtors

2,692

5,672

Cash at bank and in hand

7,705

9,316

56,272

49,239

CREDITORS

Amounts falling due within one year

44,384

30,649

NET CURRENT ASSETS

11,888

18,590

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,267

19,602

PROVISIONS FOR LIABILITIES

276

-

NET ASSETS

12,991

19,602

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

12,891

19,502

SHAREHOLDERS' FUNDS

12,991

19,602

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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 May 2016 and were signed on its behalf by:

S Pettefer - 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 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

10,636

Additions

1,037

At 30 September 2015

11,673

DEPRECIATION

At 1 May 2014

9,624

Charge for period

670

At 30 September 2015

10,294

NET BOOK VALUE

At 30 September 2015

1,379

At 30 April 2014

1,012

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

4.	ULTIMATE PARENT COMPANY

WHB Logistics Ltd is regarded by the directors as being the company's ultimate parent company.

One Stop Craft Shop Ltd became a wholly owned subsidiary of WHB Logistics Ltd on 1 May 2014.