REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31ST MARCH 2015 |
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FOR |
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FISH CLOTHING LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31ST MARCH 2015 |
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FOR |
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FISH CLOTHING LIMITED |
FISH CLOTHING LIMITED (REGISTERED NUMBER: 02365169) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31st March 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
FISH CLOTHING LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31st March 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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FISH CLOTHING LIMITED (REGISTERED NUMBER: 02365169) |
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ABBREVIATED BALANCE SHEET |
31st March 2015 |
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31.3.15 | 31.3.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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The financial statements were approved by the Board of Directors on
by: |
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FISH CLOTHING LIMITED (REGISTERED NUMBER: 02365169) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31st March 2015 |
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1. | ACCOUNTING POLICIES |
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BASIS OF PREPARING THE FINANCIAL STATEMENTS |
The financial statements for the company have been prepared on a going concern basis even though, at the |
Balance Sheet date, the company's current liabilities exceeded its current assets as recorded on the Balance |
Sheet. |
The directors consider the going concern basis to be appropriate because, in their opinion, the company will be |
able to pay its debts as they fall due, due to the ongoing support of the officers of the company. |
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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). |
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TURNOVER |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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TANGIBLE FIXED ASSETS |
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Plant and machinery | - |
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Computer equipment | - |
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STOCKS |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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DEFERRED TAX |
Provision is made at current rates for taxation deferred in respect of all timing differences. |
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FOREIGN CURRENCIES |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st April 2014 |
and 31st March 2015 |
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DEPRECIATION |
At 1st April 2014 |
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Charge for year |
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At 31st March 2015 |
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NET BOOK VALUE |
At 31st March 2015 |
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At 31st March 2014 |
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FISH CLOTHING LIMITED (REGISTERED NUMBER: 02365169) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31st March 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.15 | 31.3.14 |
value: | £ | £ |
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Ordinary | £1 |
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4. | PERSONAL GUARANTEES |
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The company have agreed a £220,000 bank overdraft facility with Lloyds TSB. The directors have personally |
guaranteed this loan facility with the bank. As at the balance sheet date the bank balance was overdrawn by |
£145,482 (2014 - £205,322). |