REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Period |
1 September 2013 to 31 March 2014 |
for |
Aartworks Stitch And Print Limited |
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Period |
1 September 2013 to 31 March 2014 |
for |
Aartworks Stitch And Print Limited |
Aartworks Stitch And Print Limited (Registered number: 06978100) |
Contents of the Abbreviated Accounts |
for the Period 1 September 2013 to 31 March 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
Chartered Certified Accountants' Report | 6 |
Aartworks Stitch And Print Limited |
Company Information |
for the Period 1 September 2013 to 31 March 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Aartworks Stitch And Print Limited (Registered number: 06978100) |
Abbreviated Balance Sheet |
31 March 2014 |
31.3.14 | 31.8.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
Aartworks Stitch And Print Limited (Registered number: 06978100) |
Abbreviated Balance Sheet - continued |
31 March 2014 |
The financial statements were approved by the Board of Directors on behalf by: |
Aartworks Stitch And Print Limited (Registered number: 06978100) |
Notes to the Abbreviated Accounts |
for the Period 1 September 2013 to 31 March 2014 |
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 April 2008). |
Turnover |
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the |
risks and rewards of ownership of goods have been transferred to the customer. The risks and |
rewards of ownership of goods are deemed to have been transferred when the goods are shipped |
to, or are picked up by, the customer. |
Turnover also represents the value of services provided under contracts to the extent that there is a |
right to consideration and is recorded at the value of the consideration due. Where a contract has |
only been partially completed at the balance sheet date turnover represents the value of the service |
provided to date based on a proportion of the total expected consideration at completion. Where |
payments are received from customers in advance of services provided, the amounts are recorded |
as Deferred Income and included as part of Creditors due within one year. |
Tangible fixed assets |
Plant and machinery | - |
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. |
Aartworks Stitch And Print Limited (Registered number: 06978100) |
Notes to the Abbreviated Accounts - continued |
for the Period 1 September 2013 to 31 March 2014 |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2013 |
Disposals | ( |
) |
At 31 March 2014 |
DEPRECIATION |
At 1 September 2013 |
Eliminated on disposal | ( |
) |
At 31 March 2014 |
NET BOOK VALUE |
At 31 March 2014 |
At 31 August 2013 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.14 | 31.8.13 |
value: | £ | £ |
Ordinary | 1 |
4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 31 March 2014 |
and the year ended 31 August 2013: |
31.3.14 | 31.8.13 |
£ | £ |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid |
Balance outstanding at end of period |
Chartered Certified Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Aartworks Stitch And Print Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages |
two to five) have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of Aartworks Stitch And Print Limited for the period ended |
31 March 2014 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from |
the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its |
ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com. |
This report is made solely to the Board of Directors of Aartworks Stitch And Print Limited, as a body, in |
accordance with our terms of engagement. Our work has been undertaken solely to prepare for your |
approval the financial statements of Aartworks Stitch And Print Limited and state those matters that we |
have agreed to state to the Board of Directors of Aartworks Stitch And Print Limited, as a body, in this |
report in accordance with the requirements of the Association of Chartered Certified Accountants as |
detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not |
accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for |
our work or for this report. |
It is your duty to ensure that Aartworks Stitch And Print Limited has kept adequate accounting records and |
to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial |
position and loss of Aartworks Stitch And Print Limited. You consider that Aartworks Stitch And Print |
Limited is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the financial statements of Aartworks |
Stitch And Print 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 financial statements. |
Chartered Certified Accountants |
3 May 2014 |