6 Minutes Limited - Period Ending 2013-07-31

6 Minutes Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2013

Bolden and Long Chartered Accountants
36a Goring Road
Goring-by-Sea
Worthing
West Sussex
BN12 4AD

6 Minutes Limited
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
6 Minutes Limited
for the Year Ended 31 July 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 6 Minutes Limited for the year ended 31 July 2013 set out on pages 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of 6 Minutes Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 6 Minutes Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 6 Minutes Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 6 Minutes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 6 Minutes Limited. You consider that 6 Minutes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of 6 Minutes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Bolden and Long Chartered Accountants
36a Goring Road
Goring-by-Sea
Worthing
West Sussex
BN12 4AD

30 April 2014

Page 1

6 Minutes Limited
(Registration number: 06974867)
Abbreviated Balance Sheet at 31 July 2013

	Note	2013 £	2012 £
Fixed assets
Tangible fixed assets		164	205
Current assets
Stocks		10,435	25,005
Debtors		3,375	7,133
Cash at bank and in hand		2,742	8,466
		16,552	40,604
Creditors: Amounts falling due within one year		(22,854)	(34,586)
Net current (liabilities)/assets		(6,302)	6,018
Net (liabilities)/assets		(6,138)	6,223
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(6,140)	6,221
Shareholders' (deficit)/funds		(6,138)	6,223

For the year ending 31 July 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 .

Approved by the Board on 30 April 2014 and signed on its behalf by:

.........................................
T Chan
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

6 Minutes Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% Reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

6 Minutes Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2013
......... continued

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 August 2012	400	400
At 31 July 2013	400	400
Depreciation
At 1 August 2012	195	195
Charge for the year	41	41
At 31 July 2013	236	236
Net book value
At 31 July 2013	164	164
At 31 July 2012	205	205

3	Share capital

Allotted, called up and fully paid shares

	2013			2012
		No.	£		No.	£
Ordinary shares of £1 each		2	2		2	2

Page 4