The Products Store Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07733803 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

The Products Store Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

5

DIRECTOR:

R J Bevis

REGISTERED OFFICE:

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

REGISTERED NUMBER:

07733803 (England and Wales)

ACCOUNTANTS:

PKB UK LLP

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

CURRENT ASSETS

Stocks

-

246

Debtors

1,942

2,469

Cash at bank and in hand

25,180

10,267

27,122

12,982

CREDITORS

Amounts falling due within one year

13,370

9,745

NET CURRENT ASSETS

13,752

3,237

TOTAL ASSETS LESS CURRENT LIABILITIES

13,752

3,237

CAPITAL AND RESERVES

Called up share capital

2

1

1

Profit and loss account

13,751

3,236

SHAREHOLDERS' FUNDS

13,752

3,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 11 November 2014 and were signed by:

R J Bevis - 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 April 2008).

Turnover

Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the

risks and rewards of ownership of goods have been transferred to the customer. The risks and

rewards of ownership of goods are deemed to have been transferred when the goods are shipped

to, or are picked up by, the customer.

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on an average cost

basis. Net realisable value represents estimated selling price less costs to complete or sell. Provision

is made for slow moving, obsolete or damaged stock where the net realisable value is less than the

cost.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

1

Ordinary

1

1

1

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of The Products Store Limited for the year ended 31 March 2014 which

comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its

ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the director of The Products Store Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

The Products Store Limited and state those matters that we have agreed to state to the director of The

Products Store Limited in this report in accordance with the requirements of the Association of Chartered

Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and its

director for our work or for this report.

It is your duty to ensure that The Products Store Limited has kept adequate accounting records and to

prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial

position and profit of The Products Store Limited. You consider that The Products Store Limited is exempt

from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Products

Store Limited. For this reason, we have not verified the accuracy or completeness of the accounting records

or information and explanations you have given to us and we do not, therefore, express any opinion on the

statutory financial statements.

PKB UK LLP

Chartered Certified Accountants

Beechey House

87 Church Street

Crowthorne

Berkshire

RG45 7AW

13 November 2014