SHADES OF GREEN (NORTH WEST) LIMITED
|
Registered number: |
07160717
|
Abbreviated Balance Sheet |
as at 31 March 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
24,953 |
|
|
29,580 |
|
Current assets |
Stocks |
|
|
42,676 |
|
|
29,500 |
Debtors |
|
|
95,274 |
|
|
102,208 |
|
|
|
137,950 |
|
|
131,708 |
|
Creditors: amounts falling due within one year |
|
|
(207,622) |
|
|
(186,547) |
|
Net current liabilities |
|
|
|
(69,672) |
|
|
(54,839) |
|
Net liabilities |
|
|
|
(44,719) |
|
|
(25,259) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(44,819) |
|
|
(25,359) |
|
Shareholders' funds |
|
|
|
(44,719) |
|
|
(25,259) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
J G Griffiths |
Director |
Approved by the board on 28 December 2016
|
|
SHADES OF GREEN (NORTH WEST) LIMITED
|
Notes to the Abbreviated Accounts |
for the year ended 31 March 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% per annum reducing balance
|
|
Office equipment |
25% per annum reducing balance |
|
Motor vehicles |
20% per annum reducing balance
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
85,118 |
|
At 31 March 2016 |
74,094 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
55,538 |
|
Charge for the year |
10,716 |
|
At 31 March 2016 |
49,141 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
24,953 |
|
At 31 March 2015 |
29,580 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
4 |
Loans to (from) directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
J G Griffiths
|
|
Included in creditors: amounts falling due within one year
|
(124,119) |
|
- |
|
(7,846) |
|
(131,965) |
|
|
|
(124,119) |
|
- |
|
(7,846) |
|
(131,965) |
|
|
|
|
|
|
|
|
|
|
5 |
Ultimate controlling party |
|
|
The company is controlled by Mr J G Griffiths and Mrs S J Griffiths who are the only directors and each hold 50% of the issued share capital. |