Ickle Eco Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06515048 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

ICKLE ECO LIMITED

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

1,040

1,024

CURRENT ASSETS

Stocks

26,725

28,215

Debtors

240

100

Cash at bank

2,071

1,673

29,036

29,988

CREDITORS

Amounts falling due within one year

890

890

NET CURRENT ASSETS

28,146

29,098

TOTAL ASSETS LESS CURRENT LIABILITIES

29,186

30,122

CREDITORS

Amounts falling due after more than one year

57,100

56,346

NET LIABILITIES

(27,914

)

(26,224

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(28,014

)

(26,324

)

SHAREHOLDERS' FUNDS

(27,914

)

(26,224

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 24 November 2014 and were signed on its behalf by:

Ms K Mitchell - Director

1.	ACCOUNTING POLICIES

Going concern

The directors have confirmed that they will continue to support the company and therefore they consider it

appropriate to prepare the financial statements on the going concern basis.

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. Turnover is recognised when the

goods are physically delivered to the customer.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value. Cost is determined on a first in, first out basis.

Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for

slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern

The accounts indicate that liabilities exceed assets by £27,914 as at 28 February 2014. The directors are

confident the company can trade profitably in the future and therefore the accounts are prepared on a going

concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

2,692

Additions

462

At 28 February 2014

3,154

DEPRECIATION

At 1 March 2013

1,668

Charge for year

446

At 28 February 2014

2,114

NET BOOK VALUE

At 28 February 2014

1,040

At 28 February 2013

1,024

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100