Abbey Dry Cleaners (Kent ) Ltd
|
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03968277
Abbey Dry Cleaners (Kent ) Ltd
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Accountants' Report
For the year ended 31 March 2015
Abbey Dry Cleaners (Kent ) Ltd
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended
31
March
2015
|
and you consider that the company is exempt from an audit under the Companies Act
2006
.
|
In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you to fulfil your
|
statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
CT Associates
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
1 of 4
Abbreviated Balance Sheet
|
Abbey Dry Cleaners (Kent ) Ltd
2015
2014
2
5,494
425
5,494
425
1,000
-
8,000
8,365
2,702
1,488
11,067
10,488
Creditors
:
amounts falling due within one year
|
(5,142)
(12,381)
5,346
(1,314)
Net current liabilities
Total assets less current liabilities
|
4,180
5,771
4,180
Net assets
5,771
2
3
2
4,178
5,769
4,180
5,771
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 08 December 2015
|
Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 March 2015
Abbey Dry Cleaners (Kent ) Ltd
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
The director has, at the time of approving the financial statements, a reasonable expectation that the company has adequate resourses to continue in operational existance for the foreseeable future. Thus the director has continued to adopt the going concern basis of accounting in preparing the financial statements.
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
|
The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
|
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders
|
prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Motor Vehicles
Assets on finance lease and hire purchase
|
Assets held under finance lease or hire purchase contracts i
.
e
.
those contracts where substantially all the risks and rewards of ownership
|
have passed to the company
,
are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease
|
term and their estimated expected useful lives
.
|
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods
.
|
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
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For the year ended 31 March 2015
Abbey Dry Cleaners (Kent ) Ltd
13,101
6,900
20,001
12,676
1,831
Charge for year
14,507
5,494
425
100
Ordinary shares of £
1
.
00
each
|
Allotted called up and fully paid
|
2015
2014
2
Ordinary shares of £
1
.
00
each
|
2
2
2
2
4 of 4