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No description of principal activity
2016-03-01
Sage Accounts Production Advanced 2017 - FRS
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07967810
2016-03-01
2017-02-28
07967810
2017-02-28
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2016-02-29
07967810
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2017-02-28
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2017-02-28
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2016-02-29
07967810
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2017-02-28
07967810
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2016-02-29
07967810
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2016-02-29
07967810
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2017-02-28
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2017-02-28
07967810
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2017-02-28
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2017-02-28
07967810
bus:PrivateLimitedCompanyLtd
2016-03-01
2017-02-28
|
Statement of Consent to Prepare Abridged Financial Statements |
|
All of the members of Accessory World Prestwich Ltd have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 28 February 2017 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
07967810
|
Accessory World Prestwich Ltd |
|
|
Unaudited Abridged Financial Statements |
|
|
Accessory World Prestwich Ltd |
|
|
Abridged Financial Statements |
|
Year ended 28 February 2017
|
Abridged statement of financial position |
1 |
|
|
|
Notes to the abridged financial statements |
2 |
|
|
|
Accessory World Prestwich Ltd |
|
|
Abridged Statement of Financial Position |
|
28 February 2017
Current assets
|
Creditors: amounts falling due within one year |
1,574 |
5,980 |
|
------- |
------- |
|
Net current assets/(liabilities) |
1 |
(
4,405) |
|
---- |
------- |
|
Total assets less current liabilities |
1 |
(
4,405) |
|
---- |
------- |
|
Net assets/(liabilities) |
1 |
(
4,405) |
|
---- |
------- |
|
|
|
Capital and reserves
|
Called up share capital |
1 |
1 |
|
Profit and loss account |
– |
(
4,406) |
|
---- |
------- |
|
Members funds/(deficit) |
1 |
(
4,405) |
|
---- |
------- |
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the year ending 28 February 2017 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 abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
22 May 2017
, and are signed on behalf of the board by:
D Benoliel
Director
Company registration number:
07967810
|
Accessory World Prestwich Ltd |
|
|
Notes to the Abridged Financial Statements |
|
Year ended 28 February 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2nd Floor, Parkgates, Bury New Road, Manchester, M25 0TL.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis due to the ongoing support of the major creditors.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Staff costs
The average number of persons employed by the company during the year, including the director, amounted to 14 (2016: 14).
