Abbreviated Company Accounts - ABBOTT'S RETAIL LIMITED

06008090 ABBOTT'S RETAIL LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 06008090 2014-01-01 2014-12-31 06008090 2014-12-31 06008090 2013-12-31 06008090 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 06008090 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:Director3 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 06008090

ABBOTT'S RETAIL LIMITED

Abbreviated Accounts

31 December 2014

ABBOTT'S RETAIL LIMITED Registered Number 06008090

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	5,500	8,250
Tangible assets	3	1,699	2,143
		7,199	10,393
Current assets
Stocks		20,685	13,230
Debtors		8,090	6,606
Cash at bank and in hand		5,023	6,060
		33,798	25,896
Creditors: amounts falling due within one year		(40,101)	(30,551)
Net current assets (liabilities)		(6,303)	(4,655)
Total assets less current liabilities		896	5,738
Total net assets (liabilities)		896	5,738
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		894	5,736
Shareholders' funds		896	5,738

For the year ending 31 December 2014 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 29 September 2015

And signed on their behalf by:
P Abbott, Director

ABBOTT'S RETAIL LIMITED Registered Number 06008090

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Other tangible assets - 20% - 25% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

2Intangible fixed assets

	£
Cost
At 1 January 2014	27,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	27,500
Amortisation
At 1 January 2014	19,250
Charge for the year	2,750
On disposals	-
At 31 December 2014	22,000
Net book values
At 31 December 2014	5,500
At 31 December 2013	8,250

3Tangible fixed assets

	£
Cost
At 1 January 2014	9,657
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	9,657
Depreciation
At 1 January 2014	7,514
Charge for the year	444
On disposals	-
At 31 December 2014	7,958
Net book values
At 31 December 2014	1,699
At 31 December 2013	2,143

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

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2

5Transactions with directors

Name of director receiving advance or credit:	P. Abbott
Description of the transaction:	Directors advances
Balance at 1 January 2014:	£ 0
Advances or credits made:	£ 851
Advances or credits repaid:	-
Balance at 31 December 2014:	£ 851