I_LOVE_FANCY_DRESS_LIMITE - Accounts

ILFD GROUP LTD - Company Information

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Company Registration No. 07034824 (England and Wales)

I LOVE FANCY DRESS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

I LOVE FANCY DRESS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

I LOVE FANCY DRESS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

88,401

51,814

Current assets

Stocks

865,663

417,401

Debtors

26,447

89,140

Cash at bank and in hand

364,680

259,652

1,256,790

766,193

Creditors: amounts falling due within one year

(424,109)

(300,791)

Net current assets

832,681

465,402

Total assets less current liabilities

921,082

517,216

Creditors: amounts falling due after more than one year

(28,488)

(58,075)

Provisions for liabilities

(13,868)

(8,842)

878,726

450,299

Capital and reserves

Called up share capital

200

100

Profit and loss account

878,526

450,199

Shareholders' funds

878,726

450,299

I LOVE FANCY DRESS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 May 2016

Mr S Nesnas

Director

Company Registration No. 07034824

I LOVE FANCY DRESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Improvements to property

10% On cost

Computer equipment

33% On cost

Fixtures, fittings & equipment

25%/33% On cost

Motor vehicles

25% Reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 April 2015

95,652

Additions

56,083

At 31 March 2016

151,735

Depreciation

At 1 April 2015

43,840

Charge for the year

19,494

At 31 March 2016

63,334

Net book value

At 31 March 2016

88,401

At 31 March 2015

51,814

I LOVE FANCY DRESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £35,550 (2015 - £64,390).

Share capital

2016

2015

Allotted, called up and fully paid

200 Ordinary shares of £1 each

200

100

During the year 100 Ordinary 'B' shares were issued at par.