Nineteen Seventy Three Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05094146 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 April 2014

for

Nineteen Seventy Three Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

EL Emmerson

JD Emmerson

REGISTERED OFFICE:

Ground Floor

19 New Road

Brighton

East Sussex

BN1 1UF

REGISTERED NUMBER:

05094146 (England and Wales)

ACCOUNTANTS:

Lucraft Hodgson & Dawes

Ground Floor

19 New Road

Brighton

East Sussex

BN1 1UF

FIXED ASSETS

Tangible assets

2

72,198

22,653

CURRENT ASSETS

Stocks

34,636

32,446

Debtors

111,805

70,997

Cash at bank and in hand

55,799

6,830

202,240

110,273

CREDITORS

Amounts falling due within one year

111,287

132,036

NET CURRENT ASSETS/(LIABILITIES)

90,953

(21,763

)

TOTAL ASSETS LESS CURRENT LIABILITIES

163,151

890

PROVISIONS FOR LIABILITIES

271

-

NET ASSETS

162,880

890

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

162,870

880

SHAREHOLDERS' FUNDS

162,880

890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 1 August 2014 and were signed on its behalf by:

JD Emmerson - 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 net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred taxation is accounted for at expected tax rates on all differences arising from the inclusion of items of

income and expenditure in taxation computations in periods different from those in which they are included in

the financial statements. A deferred tax asset is only recognised when it is more likely than not that the asset will

be recoverable in the foreseeable future out of suitable taxable profits from which the underlying timing

differences can be deducted.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

58,851

Additions

73,612

At 30 April 2014

132,463

DEPRECIATION

At 1 May 2013

36,198

Charge for year

24,067

At 30 April 2014

60,265

NET BOOK VALUE

At 30 April 2014

72,198

At 30 April 2013

22,653

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

10

Ordinary

£1

10

10