Micro-entity Accounts - A-Z DISCOUNT SHOP (UK) LIMITED

A-Z DISCOUNT SHOP (UK) LIMITED - Company Information

07156347 A-Z DISCOUNT SHOP (UK) LIMITED 2017-02-28 false 2016-02-29 2017-02-28 true 07156347 2016-02-29 2017-02-28 07156347 2017-02-28 07156347 2016-02-28 07156347 uk-gaap-cd-bus:Director1 2016-02-29 2017-02-28 07156347 uk-gaap-cd-bus:Director2 2016-02-29 2017-02-28 07156347 uk-gaap-cd-bus:AllEntityOfficers 2016-02-29 2017-02-28 iso4217:GBP shares

Registered Number 07156347

A-Z DISCOUNT SHOP (UK) LIMITED

Micro-entity Accounts

28 February 2017

A-Z DISCOUNT SHOP (UK) LIMITED Registered Number 07156347

Micro-entity Balance Sheet as at 28 February 2017

	Notes	2017	2016
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	1	629	787
		629	787
Current assets
Stocks		2,585	1,370
Cash at bank and in hand		4,627	7
		7,212	1,377
Creditors: amounts falling due within one year		(8,158)	(2,560)
Net current assets (liabilities)		(946)	(1,183)
Total assets less current liabilities		(317)	(396)
Total net assets (liabilities)		(317)	(396)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(318)	(397)
Shareholders' funds		(317)	(396)

For the year ending 28 February 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 November 2017

And signed on their behalf by:
Mawlana Mohammed Musleh Uddin, Director

A-Z DISCOUNT SHOP (UK) LIMITED Registered Number 07156347

Notes to the Micro-entity Accounts for the period ended 28 February 2017

1Tangible fixed assets

	£
Cost
At 29 February 2016	3,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2017	3,000
Depreciation
At 29 February 2016	2,213
Charge for the year	158
On disposals	-
At 28 February 2017	2,371
Net book values
At 28 February 2017	629
At 28 February 2016	787

2Accounting Policies

Basis of measurement and preparation of accounts
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible assets depreciation policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Fixtures and fittings 20% reducing balance

Other accounting policies
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.