Registered Number 05850338

SHAW RETAIL SERVICES LTD

Abbreviated Accounts

31 July 2015

SHAW RETAIL SERVICES LTD Registered Number 05850338

Abbreviated Balance Sheet as at 31 July 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 4,875 1,641
4,875 1,641
Current assets
Stocks 6,733 7,496
Debtors 5,440 10,746
Cash at bank and in hand 12,998 14,608
25,171 32,850
Creditors: amounts falling due within one year (26,076 ) (32,320 )
Net current assets (liabilities) (905 ) 530
Total assets less current liabilities 3,970 2,171
Creditors: amounts falling due after more than one year (2,158 ) 0
Total net assets (liabilities) 1,812 2,171
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,712 2,071
Shareholders' funds 1,812 2,171

  • For the year ending 31 July 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 12 November 2015

And signed on their behalf by:
S.M.Shaw, Director

SHAW RETAIL SERVICES LTD Registered Number 05850338

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1 Accounting 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 and derives from the provision of goods falling within the companys ordinary activities.

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:
Fixtures, fittings and equipment - 50% per annum straight line
Motor vehicles - 25% per annum reducing balance

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

2 Tangible fixed assets
£
Cost
At 1 August 2014 5,010
Additions 5,200
Disposals (4,495 )
Revaluations -
Transfers -
At 31 July 2015 5,715
Depreciation
At 1 August 2014 3,369
Charge for the year 633
On disposals (3,162 )
At 31 July 2015 840
Net book values
At 31 July 2015 4,875
At 31 July 2014 1,641