Winning Ribbons Ltd Small abbreviated accounts

WINNING RIBBONS LTD - Company Information

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COMPANY REGISTRATION NUMBER 07842867

WINNING RIBBONS LTD

UNAUDITED ABBREVIATED ACCOUNTS

30 November 2015

STEWART ASSOCIATES SHREWSBURY LTD

Chartered Accountants

Emstrey House (North)

Shrewsbury Business Park

Shrewsbury

Shropshire

SY2 6LG

WINNING RIBBONS LTD

ABBREVIATED BALANCE SHEET

30 November 2015

	2015	2014
Note	£	£	£	£
Fixed Assets	2
Tangible assets		3,109		3,851

Current Assets

Stocks	1,650		2,000
Debtors	5,720		5,418
Cash at bank and in hand	4,915		1,552
	---------		-------
	12,285		8,970
Creditors: Amounts Falling due Within One Year	9,094		6,828
	---------		-------
Net Current Assets		3,191		2,142
		-------		-------
Total Assets Less Current Liabilities		6,300		5,993
		-------		-------

Capital and Reserves

Called up equity share capital	3		1		1
Profit and loss account		6,299		5,992
		-------		-------
Shareholders' Funds		6,300		5,993
		-------		-------

For the year ended 30th November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 26 August 2016 .

Mrs E Thomas

Company Registration Number: 07842867

WINNING RIBBONS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 30th NOVEMBER 2015

1. Accounting Policies

Basis of Accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Fixed Assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery-15% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2. Fixed Assets

	Tangible Assets
	£

Cost

At 1st December 2014 and 30th November 2015	4,943
	-------

Depreciation

At 1st December 2014	1,092
Charge for year	742
	-------
At 30th November 2015	1,834
	-------

Net Book Value

At 30th November 2015	3,109
	-------

At 30th November 2014	3,851
	-------

3. Share Capital

Allotted, called up and fully paid:

2015	2014
No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----