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Abbreviated Unaudited Accounts for the Year Ended 30 June 2015 |
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Stussy UK Ltd |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 30 June 2015 |
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Stussy UK Ltd |
Stussy UK Ltd (Registered number: 02619904) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
Stussy UK Ltd |
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Company Information |
for the Year Ended 30 June 2015 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Stussy UK Ltd (Registered number: 02619904) |
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Abbreviated Balance Sheet |
30 June 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
Stussy UK Ltd (Registered number: 02619904) |
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Abbreviated Balance Sheet - continued |
30 June 2015 |
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The financial statements were approved by the director on
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Stussy UK Ltd (Registered number: 02619904) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 June 2015 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The accounts have been prepared on the going concern basis. In assessing whether the going concern |
assumption is appropriate, the directors have taken into account all relevant information about the future |
trading including profit and cash forecasts. The business has a history of making profits and is cash |
generative and this is expected to continue. It is therefore considered appropriate to adopt the going concern |
basis of accounting in the preparation of the financial statements. |
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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). |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies |
as a small company. |
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Turnover |
Turnover representing sale made net of VAT and trade discount. Turnover is recognised when the goods are |
physically delivered to the customer. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in/first out basis. |
Net realisable value represents estimated selling price less costs to complete and sell. Provisions are made |
for slow moving, obsolete or damaged stock where the net realisable value is less than cost. |
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Deferred tax |
Full provision is made for deferred tax assets and liabilities arising from all timing differences between the |
recognition of gains and losses in the financial statements and recognition in the tax computation. |
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A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be |
suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. |
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Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the |
timing differences are expected to reverse. |
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Deferred tax assets and liabilities are not discounted. |
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Foreign currencies |
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling |
at the balance sheet date. |
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Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
transaction. |
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Exchange differences are taken into account in arriving at the operating result. |
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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. |
Stussy UK Ltd (Registered number: 02619904) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 June 2015 |
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1. | ACCOUNTING POLICIES - continued |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to the profit and loss account in the period to which they relate. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2014 |
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Additions |
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Disposals | ( |
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At 30 June 2015 |
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DEPRECIATION |
At 1 July 2014 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 June 2015 |
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NET BOOK VALUE |
At 30 June 2015 |
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At 30 June 2014 | 29,071 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | 1 |
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