REGISTERED NUMBER: 06834732 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 April 2011 to 30 April 2012

for

ABC Crafts and Miniatures Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs B M Harman

Ms T Holmes

REGISTERED OFFICE:

Beehive Woodland Lakes

Rosliston

Swadlincote

Derbyshire

DE12 8JD

REGISTERED NUMBER:

06834732 (England and Wales)

ACCOUNTANTS:

MulliganWilliams

Chartered Accountants

4 Long Street

Stoney Stanton

LEICESTER

Leicestershire

LE9 4DQ

FIXED ASSETS

Tangible assets

2

568

709

CURRENT ASSETS

Stocks

13,608

17,257

Cash at bank and in hand

169

86

13,777

17,343

CREDITORS

Amounts falling due within one year

22,021

22,985

NET CURRENT LIABILITIES

(8,244

)

(5,642

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,676

)

(4,933

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(7,776

)

(5,033

)

SHAREHOLDERS' FUNDS

(7,676

)

(4,933

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2012.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2012 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 15 January 2013 and were signed on its behalf by:

Mrs B M Harman - 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 April 2008).

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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2011

and 30 April 2012

1,107

DEPRECIATION

At 1 April 2011

398

Charge for period

141

At 30 April 2012

539

NET BOOK VALUE

At 30 April 2012

568

At 31 March 2011

709

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.12

31.3.11

value:

£

£

100

Ordinary

£1

100

100

4.	TRANSACTIONS WITH DIRECTORS

At the start of the year Mr C Harman had a loan account balance of £11,034 in hand, which was gifted to Mrs B

Harman during the year. At the start of the year Mrs B Harman had a loan account balance of £10,937 in hand.

During the year she was gifted £11,034 and advanced £987, with a balance of £20,984 in hand at the year end.