Company Registration No. 06510349 (England and Wales)
& BUTTONS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2014
& BUTTONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
& BUTTONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,764
6,587
Current assets
Stocks
17,690
30,668
Debtors
1,477
1,834
Cash at bank and in hand
27,930
28,350
47,097
60,852
Creditors: amounts falling due within one year
(49,469)
(48,566)
Net current (liabilities)/assets
(2,372)
12,286
Total assets less current liabilities
3,392
18,873
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
3,292
18,773
Shareholders' funds
3,392
18,873
For the financial year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 10 September 2014
Mrs E S Bennett
Director
Company Registration No. 06510349
& BUTTONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% per annum on cost
Fixtures, plant and equipment
15% per annum on net book value
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2013
17,524
Additions
248
At 28 February 2014
17,772
Depreciation
At 1 March 2013
10,937
Charge for the year
1,071
At 28 February 2014
12,008
Net book value
At 28 February 2014
5,764
At 28 February 2013
6,587
& BUTTONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
2014-02-282013-03-01truetruetruefalsetruetruetmpE22D.html2014-09-18065103492013-03-012014-02-28065103492014-02-28065103492013-02-28065103492013-02-2806510349uk-bus:CompanySecretaryDirector2013-03-012014-02-2806510349uk-gaap:ComputerEquipment2013-03-012014-02-2806510349uk-gaap:FixturesFittingsToolsEquipment2013-03-012014-02-2806510349uk-bus:OrdinaryShareClass12013-03-012014-02-2806510349uk-bus:OrdinaryShareClass12014-02-2806510349uk-bus:OrdinaryShareClass12013-02-2806510349uk-curr:PoundSterling2013-03-012014-02-28xbrli:purexbrli:sharesiso4217:GBP

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