Registered Number 06510349

& BUTTONS LIMITED

Abbreviated Accounts

28 February 2016

& BUTTONS LIMITED Registered Number 06510349

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,135 5,195
6,135 5,195
Current assets
Stocks 23,585 19,760
Cash at bank and in hand 15,842 28,897
39,427 48,657
Prepayments and accrued income 1,347 1,621
Creditors: amounts falling due within one year (60,755) (70,887)
Net current assets (liabilities) (19,981) (20,609)
Total assets less current liabilities (13,846) (15,414)
Total net assets (liabilities) (13,846) (15,414)
Capital and reserves
Called up share capital 3 100 100
Profit and loss account (13,946) (15,514)
Shareholders' funds (13,846) (15,414)
  • For the year ending 28 February 2016 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 4 November 2016

And signed on their behalf by:
Edwina Bennett, Director

& BUTTONS LIMITED Registered Number 06510349

Notes to the Abbreviated Accounts for the period ended 28 February 2016

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
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Computer Equipment - 33% on a straight line basis
Fixtures, Fittings & Equipment - 15% on a diminishing balance basis

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.

2 Tangible fixed assets
£
Cost
At 1 March 2015 18,303
Additions 2,219
Disposals -
Revaluations -
Transfers -
At 28 February 2016 20,522
Depreciation
At 1 March 2015 13,108
Charge for the year 1,279
On disposals -
At 28 February 2016 14,387
Net book values
At 28 February 2016 6,135
At 28 February 2015 5,195
3 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100

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