REGISTERED NUMBER: 06830582

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Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G Brown

REGISTERED OFFICE:

Unit 8 Locomotion Way

Camperdown Ind Est

Killingworth

Newcastle

Tyne and Wear

NE12 5US

REGISTERED NUMBER:

06830582

ACCOUNTANTS:

Blu Sky Chartered Accountants

17 Northumberland Square

North Shields

NE30 1PX

FIXED ASSETS

Tangible assets

2

35,932

47,317

CURRENT ASSETS

Stocks

81,775

111,303

Debtors

209,791

170,367

Cash at bank

42,970

500

334,536

282,170

CREDITORS

Amounts falling due within one year

339,879

298,572

NET CURRENT LIABILITIES

(5,343

)

(16,402

)

TOTAL ASSETS LESS CURRENT LIABILITIES

30,589

30,915

CREDITORS

Amounts falling due after more than one year

9,631

22,505

NET ASSETS

20,958

8,410

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

20,858

8,310

SHAREHOLDERS' FUNDS

20,958

8,410

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 26 August 2016 and were signed by:

G Brown - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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).

Going concern

The director believes that the trade in the current year is sustainable into the foreseeable future and agrees that

the initial funding provided by him will not be withdrawn in the near future.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of

Value Added Tax.

Turnover is recognised when goods and services are physically delivered to the customer.

Delivered goods/ services not invoiced at the year end are included in accrued income. Invoiced goods and

services are included in debtors. Where customers pay in advance for goods and services, the amount is

recorded as deferred income until the goods and services have been delivered.

Tangible fixed assets

All fixed assets are initially recorded at the lower of cost and net realisable value, less accumulated depreciation

and less amounts recognised in respect of impairment.

Stocks

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

slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the asset of

the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar

debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented

as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the

profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the

outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability

then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are

debited direct to equity.

Compound instruments

Compound instruments comprise both a liability and an equity component. At date of issue, the fair value of the

liability component is estimated using the prevailing market interest rate for a similar debt instrument. The liability

component is accounted for as a financial liability.

The residual is the difference between the net proceeds of issue and the liability component (at time of issue)

The residual is the equity component, which is accounted for as an equity instrument.

The interest expense on the liability component is calculated applying the effective interest rate for the liability

component of the instrument. The difference between this amount and any repayments is added to the carrying

amount of the liability in the balance sheet.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

97,462

Additions

9,414

At 31 March 2016

106,876

DEPRECIATION

At 1 April 2015

50,145

Charge for year

20,799

At 31 March 2016

70,944

NET BOOK VALUE

At 31 March 2016

35,932

At 31 March 2015

47,317

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

1

100

100