REGISTERED NUMBER: 02235871 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

ABC Shirts Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs J Cheese

S Cheese

SECRETARY:

Mrs J Cheese

REGISTERED OFFICE:

74-78 Charlton Road

Blackeath

London

SE3 8TT

REGISTERED NUMBER:

02235871 (England and Wales)

ACCOUNTANT:

S J Jahans Accountancy & Tax Services

78 Mayday Gardens

Blackheath

London

SE3 8NW

FIXED ASSETS

Tangible assets

2

165,054

163,433

CURRENT ASSETS

Stocks

3,250

2,000

Debtors

9,550

7,250

Prepayments and accrued income

939

828

Cash at bank and in hand

2,233

2,241

15,972

12,319

CREDITORS

Amounts falling due within one year

72,801

63,129

NET CURRENT LIABILITIES

(56,829

)

(50,810

)

TOTAL ASSETS LESS CURRENT LIABILITIES

108,225

112,623

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

108,125

112,523

SHAREHOLDERS' FUNDS

108,225

112,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 December 2016 and were signed on its behalf by:

Mrs J Cheese - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

346,997

Additions

4,091

At 31 March 2016

351,088

DEPRECIATION

At 1 April 2015

183,564

Charge for year

2,470

At 31 March 2016

186,034

NET BOOK VALUE

At 31 March 2016

165,054

At 31 March 2015

163,433

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

1

100

100