Atholl Countrywear Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03033922

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST JANUARY 2016

FOR

ATHOLL COUNTRYWEAR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P S Panchaud

SECRETARY:

Mrs A K Panchaud

REGISTERED OFFICE:

2nd Floor

1 City Road East

Manchester

M15 4PN

REGISTERED NUMBER:

03033922

ACCOUNTANTS:

KAY JOHNSON GEE LLP

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Tangible assets

2

2,602

3,252

CURRENT ASSETS

Stocks

95,081

101,329

Debtors

22,904

-

Cash in hand

500

118,485

101,829

CREDITORS

Amounts falling due within one year

1,985,663

1,919,431

NET CURRENT LIABILITIES

(1,867,178

)

(1,817,602

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,864,576

)

(1,814,350

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

(1,864,577

)

(1,814,351

)

SHAREHOLDERS' FUNDS

(1,864,576

)

(1,814,350

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 12th December 2016 and were signed by:

P S Panchaud - 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 January 2015).

The concept of going concern is an underlying assumption in the production of financial statements. As there

are considerable net liabilities there is a question mark over going concern. Although there is no formal

agreement in place the director has indicated he will continue to provide financial support to the company.

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

-

20% on reducing balance

Stocks

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

slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st February 2015

and 31st January 2016

11,671

DEPRECIATION

At 1st February 2015

8,419

Charge for year

650

At 31st January 2016

9,069

NET BOOK VALUE

At 31st January 2016

2,602

At 31st January 2015

3,252

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

1

Ordinary

£1

1