Abracadabra Teddy Bears Limited - Limited company - abbreviated

REGISTERED NUMBER: 04498492 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

FOR

ABRACADABRA TEDDY BEARS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms M J Davison

M W Sayers

SECRETARY:

Tayler Bradshaw Limited

REGISTERED OFFICE:

Cambridge House

16 High Street

Saffron Walden

Essex

CB10 1AX

REGISTERED NUMBER:

04498492 (England and Wales)

ACCOUNTANTS:

Tayler Bradshaw

Cambridge House

16 High Street

Saffron Walden

Essex

CB10 1AX

FIXED ASSETS

Tangible assets

2

1,502

1,446

CURRENT ASSETS

Stocks

22,127

19,905

Debtors

5,826

7,325

Cash at bank and in hand

13,993

18,664

41,946

45,894

CREDITORS

Amounts falling due within one year

37,530

39,282

NET CURRENT ASSETS

4,416

6,612

TOTAL ASSETS LESS CURRENT LIABILITIES

5,918

8,058

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

5,916

8,056

SHAREHOLDERS' FUNDS

5,918

8,058

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 12 December 2014 and were
signed on its behalf by:

Ms M J Davison - 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Stocks

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

for obsolete and slow moving items.

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing

differences to the extent that, in the opinion of the director, there is reasonable probability

that the liability will not arise in the foreseeable future.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

7,919

Additions

556

At 31 July 2014

8,475

DEPRECIATION

At 1 August 2013

6,473

Charge for year

500

At 31 July 2014

6,973

NET BOOK VALUE

At 31 July 2014

1,502

At 31 July 2013

1,446

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

2

Ordinary

£1

2

Abracadabra Teddy Bears Limited - Limited company - abbreviated - 11.6

Abracadabra Teddy Bears Limited - Limited company - abbreviated - 11.6