Thistle Houseware Limited - Abbreviated accounts 16.3

Thistle Houseware Limited - Abbreviated accounts 16.3

THISTLE HOUSEWARE LTD - Company Information

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REGISTERED NUMBER: SC472694 (Scotland)















Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

Thistle Houseware Limited

Thistle Houseware Limited (Registered number: SC472694)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Thistle Houseware Limited

Company Information
for the Year Ended 31 March 2016







DIRECTOR: S Khalid





REGISTERED OFFICE: 121 Moffat Street
New Gorbals
Glasgow
G5 0ND





REGISTERED NUMBER: SC472694 (Scotland)





ACCOUNTANTS: Richard G. Beattie & Co.
121 Moffat Street
Glasgow
G5 OND
Page 1
Thistle Houseware Limited (Registered number: SC472694)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 972 156

CURRENT ASSETS
Stocks 9,211 9,388
Debtors - 938
Cash at bank and in hand 11,196 15,170
20,407 25,496
CREDITORS
Amounts falling due within one year 20,479 24,808
NET CURRENT (LIABILITIES)/ASSETS (72 ) 688
TOTAL ASSETS LESS CURRENT
LIABILITIES
900
844

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 800 744
SHAREHOLDERS' FUNDS 900 844

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

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

The director acknowledges her 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 9 December 2016 and were signed by:





S Khalid - Director


The notes form part of these abbreviated accounts

Page 2
Thistle Houseware Limited (Registered number: SC472694)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

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).

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.

Plant and machinery - 15% on reducing balance
Computer equipment - 25% 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 1 April 2015 208
Additions 1,136
At 31 March 2016 1,344
DEPRECIATION
At 1 April 2015 52
Charge for year 320
At 31 March 2016 372
NET BOOK VALUE
At 31 March 2016 972
At 31 March 2015 156

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
100 Ordinary £1 100 100

Page 3