Big Table Furniture Co-operative Ltd

		2015		2014
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	2		1,437		1,781

			1,437		1,781
CURRENT ASSETS
Stocks		20,577		27,037
Debtors	3	391,764		338,313
Cash at bank and in hand		330,784		347,638

		743,125		712,988
Creditors: Amounts Falling Due Within One Year		(48,878)		(85,227)

NET CURRENT ASSETS (LIABILITIES)			694,247		627,761

TOTAL ASSETS LESS CURRENT LIABILITIES			695,684		629,542

NET ASSETS			695,684		629,542

Income and Expenditure account			695,684		629,542

MEMBERS' FUNDS			695,684		629,542

For the year ending 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr Stephen Bond

13/09/2015

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	4% straight line
Plant & Machinery	20% straight line
Fixtures & Fittings	20% straight line

Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Tangible Assets


	Total
Cost	£
As at 1 March 2014	107,312
Additions	583

As at 28 February 2015	107,895

Depreciation
As at 1 March 2014	105,531
Provided during the period	927

As at 28 February 2015	106,458

Net Book Value
As at 28 February 2015	1,437

As at 1 March 2014	1,781

Debtors

Debtors include an amount of £ 318,997 (2014 - £ 317,517 ) falling due after more than one year.