Abbreviated Company Accounts - SHIRT COUTURE LIMITED

Abbreviated Company Accounts - SHIRT COUTURE LIMITED


Registered Number 07979967

SHIRT COUTURE LIMITED

Abbreviated Accounts

13 June 2016

SHIRT COUTURE LIMITED Registered Number 07979967

Abbreviated Balance Sheet as at 13 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,858 4,134
6,858 4,134
Current assets
Stocks 42,250 15,250
Cash at bank and in hand 1,782 2,538
44,032 17,788
Creditors: amounts falling due within one year (48,297) (21,472)
Net current assets (liabilities) (4,265) (3,684)
Total assets less current liabilities 2,593 450
Total net assets (liabilities) 2,593 450
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 2,493 350
Shareholders' funds 2,593 450
  • For the year ending 13 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 13 March 2017

And signed on their behalf by:
SUKHBINDER MADHAR, Director

SHIRT COUTURE LIMITED Registered Number 07979967

Notes to the Abbreviated Accounts for the period ended 13 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of VAT and trade discounts.

Tangible assets depreciation policy
Depreciation is provided at rate calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on following basis.

Computer Equipments 25% reducing balance
Fixtures and Fittings 15% reducing balance

2Tangible fixed assets
£
Cost
At 14 June 2015 5,240
Additions 4,177
Disposals -
Revaluations -
Transfers -
At 13 June 2016 9,417
Depreciation
At 14 June 2015 1,106
Charge for the year 1,453
On disposals -
At 13 June 2016 2,559
Net book values
At 13 June 2016 6,858
At 13 June 2015 4,134
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100Ordinary shares of £1 each 100 100