A Bit of French Limited - Abbreviated accounts

A Bit of French Limited - Abbreviated accounts


Registered number
03422989
A Bit of French Limited
Abbreviated Accounts
31 August 2014
A Bit of French Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of A Bit of French Limited for the year ended 31 August 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of A Bit of French Limited for the year ended 31 August 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
Acorn Accounting Solutions Limited
Chartered Accountants
9 Tamar Down
Waterlooville
Hampshire
PO7 8QJ
4 December 2014
A Bit of French Limited
Registered number: 03422989
Abbreviated Balance Sheet
as at 31 August 2014
Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 6,480 10,823
Current assets
Stocks 3,200 3,050
Debtors 5,375 5,877
Cash at bank and in hand 450 450
9,025 9,377
Creditors: amounts falling due within one year (30,247) (47,597)
Net current liabilities (21,222) (38,220)
Net liabilities (14,742) (27,397)
Capital and reserves
Called up share capital 3 4 4
Profit and loss account (14,746) (27,401)
Shareholders' funds (14,742) (27,397)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
J K Norris
Director
Approved by the board on 4 December 2014
A Bit of French Limited
Notes to the Abbreviated Accounts
for the year ended 31 August 2014
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
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
Motor vehicles 25% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Tangible fixed assets £
Cost
At 1 September 2013 60,651
Disposals (18,695)
At 31 August 2014 41,956
Depreciation
At 1 September 2013 49,828
Charge for the year 2,589
On disposals (16,941)
At 31 August 2014 35,476
Net book value
At 31 August 2014 6,480
At 31 August 2013 10,823
3 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 4 4 4
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