Abbreviated Company Accounts - 07 (DEVON) LIMITED

06081163 07 (DEVON) LIMITED 2012-12-31 false 2012-01-01 2012-12-31 true 06081163 2012-01-01 2012-12-31 06081163 2012-12-31 06081163 2011-12-31 06081163 uk-gaap-cd-bus:Director1 2012-01-01 2012-12-31 06081163 uk-gaap-cd-bus:Director2 2012-01-01 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-01-01 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2011-12-31 iso4217:GBP shares

Registered Number 06081163

07 (DEVON) LIMITED

Abbreviated Accounts

31 December 2012

07 (DEVON) LIMITED Registered Number 06081163

Abbreviated Balance Sheet as at 31 December 2012

	Notes	2012	2011
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	-	-
Tangible assets	3	49	661
		49	661
Current assets
Stocks		19,982	25,000
Debtors		953	3,581
Cash at bank and in hand		2,896	426
		23,831	29,007
Creditors: amounts falling due within one year		(55,230)	(58,424)
Net current assets (liabilities)		(31,399)	(29,417)
Total assets less current liabilities		(31,350)	(28,756)
Total net assets (liabilities)		(31,350)	(28,756)
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		(31,352)	(28,758)
Shareholders' funds		(31,350)	(28,756)

For the year ending 31 December 2012 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 31 October 2013

And signed on their behalf by:
Mrs S Edwards, Director

07 (DEVON) LIMITED Registered Number 06081163

Notes to the Abbreviated Accounts for the period ended 31 December 2012

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sale of goods, excluding value added tax.

Other accounting policies
Stock are valued at the lower of costs and net realisable value, after making due allowances for obsolete and slow moving items.

2Intangible fixed assets

	£
Cost
At 1 January 2012	124,900
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2012	124,900
Amortisation
At 1 January 2012	124,900
Charge for the year	-
On disposals	-
At 31 December 2012	124,900
Net book values
At 31 December 2012	0
At 31 December 2011	0

Goodwill being the amount paid in connection with the acquisition of the business in 2007, is being amortised evenly over its estimated useful life of three years.

3Tangible fixed assets

	£
Cost
At 1 January 2012	3,933
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2012	3,933
Depreciation
At 1 January 2012	3,272
Charge for the year	612
On disposals	-
At 31 December 2012	3,884
Net book values
At 31 December 2012	49
At 31 December 2011	661

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:-
Plant and machinery etc - 25% on cost

4Called Up Share Capital
Allotted, called up and fully paid:

	2012 £	2011 £
2 Ordinary shares of £1 each	2	2