TWO_BY_TWO_(ULVERSTON)_LT - Accounts

TWO BY TWO (ULVERSTON) LIMITED - Company Information

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Company Registration No. 05051371 (England and Wales)

TWO BY TWO (ULVERSTON) LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

TWO BY TWO (ULVERSTON) LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

TWO BY TWO (ULVERSTON) LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

1,676

1,885

Tangible assets

735

754

2,411

2,639

Current assets

Stocks

41,540

46,736

Debtors

554

Cash at bank and in hand

1,127

1,790

43,221

48,526

Creditors: amounts falling due within one year

(40,261)

(42,924)

Net current assets

2,960

5,602

Total assets less current liabilities

5,371

8,241

Creditors: amounts falling due after more than one year

(5,218)

(8,058)

153

183

Capital and reserves

Called up share capital

100

Profit and loss account

Shareholders' funds

153

183

TWO BY TWO (ULVERSTON) LTD

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 23 December 2016

Mrs R Weaver

Mrs J Benefield

Director

Company Registration No. 05051371

TWO BY TWO (ULVERSTON) LTD

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.

1.5

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 leasehold property

10% straight line

Plant and machinery

20% on the reducing balance

Fixtures, fittings & equipment

15% on the reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

4,188

6,884

11,072

Additions

199

At 31 March 2016

4,188

7,083

11,271

Depreciation

At 1 April 2015

2,303

6,130

8,433

Charge for the year

209

218

427

At 31 March 2016

2,512

6,348

8,860

Net book value

At 31 March 2016

1,676

735

2,411

At 31 March 2015

1,885

754

2,639

TWO BY TWO (ULVERSTON) LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100