Registered Number 06203662

ACANTHUS RETAIL LIMITED

Abbreviated Accounts

30 June 2013

ACANTHUS RETAIL LIMITED Registered Number 06203662

Abbreviated Balance Sheet as at 30 June 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 31,010 33,225
Tangible assets 3 1,799 2,454
32,809 35,679
Current assets
Stocks 13,500 54,573
Debtors 6,820 798
Cash at bank and in hand 8,358 11,426
28,678 66,797
Prepayments and accrued income 6,892 1,581
Creditors: amounts falling due within one year (61,373) (67,898)
Net current assets (liabilities) (25,803) 480
Total assets less current liabilities 7,006 36,159
Accruals and deferred income (900) (1,201)
Total net assets (liabilities) 6,106 34,958
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 6,105 34,957
Shareholders' funds 6,106 34,958
  • For the year ending 30 June 2013 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 26 November 2013

And signed on their behalf by:
G Hockaday, Director

ACANTHUS RETAIL LIMITED Registered Number 06203662

Notes to the Abbreviated Accounts for the period ended 30 June 2013

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 amounts chargeable, net of value added tax, in respect of the sale of goods to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Fixtures & Fittings - 25% reducing balance basis
Computer equipment - 25% straight line basis

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life of 20 years.

Other accounting policies
Going Concern
The company has ceased trading during the year as the Directors are in the process of selling the existing business.

2Intangible fixed assets
£
Cost
At 1 July 2012 44,300
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2013 44,300
Amortisation
At 1 July 2012 11,075
Charge for the year 2,215
On disposals -
At 30 June 2013 13,290
Net book values
At 30 June 2013 31,010
At 30 June 2012 33,225
3Tangible fixed assets
£
Cost
At 1 July 2012 5,378
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2013 5,378
Depreciation
At 1 July 2012 2,924
Charge for the year 655
On disposals -
At 30 June 2013 3,579
Net book values
At 30 June 2013 1,799
At 30 June 2012 2,454
4Called Up Share Capital
Allotted, called up and fully paid:
2013
£		 2012
£
1 Ordinary shares of £1 each 1 1