Registered Number 06510349

& BUTTONS LIMITED

Abbreviated Accounts

28 February 2015

& BUTTONS LIMITED Registered Number 06510349

Abbreviated Balance Sheet as at 28 February 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 5,195 5,764
5,195 5,764
Current assets
Stocks 19,760 17,690
Cash at bank and in hand 28,897 27,930
48,657 45,620
Prepayments and accrued income 1,621 1,477
Net current assets (liabilities) 50,278 47,097
Total assets less current liabilities 55,473 52,861
Creditors: amounts falling due after more than one year 3 (70,887) (49,469)
Total net assets (liabilities) (15,414) 3,392
Capital and reserves
Called up share capital 4 100 100
Profit and loss account (15,514) 3,292
Shareholders' funds (15,414) 3,392
  • For the year ending 28 February 2015 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 18 November 2015

And signed on their behalf by:
Edwina Seaman Bennett, Director

& BUTTONS LIMITED Registered Number 06510349

Notes to the Abbreviated Accounts for the period ended 28 February 2015

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 the total invoice value excluding value added tax of sales made during the year.

Tangible assets depreciation policy
Computer Equipment - 33% straight line basis
Fixtures, Fittings and Equipment - 15% diminishing balance basisd

Intangible assets amortisation policy
None

Valuation information and policy
Stock and work in progress are valued at the lower of cost and net realisable value

Other accounting policies
The financial statements have been prepared on a going concern basis

2 Tangible fixed assets
£
Cost
At 1 March 2014 17,772
Additions 531
Disposals -
Revaluations -
Transfers -
At 28 February 2015 18,303
Depreciation
At 1 March 2014 12,008
Charge for the year 1,100
On disposals -
At 28 February 2015 13,108
Net book values
At 28 February 2015 5,195
At 28 February 2014 5,764
3 Creditors
2015
£
2014
£
Secured Debts 70,887 49,469
4 Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100

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