Abbreviated Company Accounts - STRINGYBARK LTD

Registered Number 07938279

STRINGYBARK LTD

Abbreviated Accounts

28 February 2014

STRINGYBARK LTD Registered Number 07938279

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	3,721	647
		3,721	647
Current assets
Stocks		10,890	4,570
Cash at bank and in hand		35,270	26
		46,160	4,596
Creditors: amounts falling due within one year		(49,292)	(6,922)
Net current assets (liabilities)		(3,132)	(2,326)
Total assets less current liabilities		589	(1,679)
Provisions for liabilities		(744)	-
Total net assets (liabilities)		(155)	(1,679)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(157)	(1,681)
Shareholders' funds		(155)	(1,679)

For the year ending 28 February 2014 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 27 November 2014

And signed on their behalf by:
D Ackland-Snow, Director
N Ackland-Snow, Director

STRINGYBARK LTD Registered Number 07938279

Notes to the Abbreviated Accounts for the period ended 28 February 2014

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 represents the value, net of value added tax and discounts, of services provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% reducing balance
Computer equipment 33% straight line

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 March 2013	930
Additions	4,635
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	5,565
Depreciation
At 1 March 2013	283
Charge for the year	1,561
On disposals	-
At 28 February 2014	1,844
Net book values
At 28 February 2014	3,721
At 28 February 2013	647