Company Registration No. 07362460 (England and Wales)
BOUTIQUE MODERN LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
BOUTIQUE MODERN LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BOUTIQUE MODERN LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
34,470
Tangible assets
2
2,166
17,056
2,166
51,526
Current assets
Stocks
10,000
2,012
Debtors
83,029
155,817
Cash at bank and in hand
513
2,694
93,542
160,523
Creditors: amounts falling due within one year
(1,220,477)
(1,048,754)
Net current liabilities
(1,126,935)
(888,231)
Total assets less current liabilities
(1,124,769)
(836,705)
Capital and reserves
Called up share capital
3
1,000
1,000
Share premium account
300
300
Profit and loss account
(1,126,069)
(838,005)
Shareholders'  funds
(1,124,769)
(836,705)
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 6 July 2016
Mr R J Shone
Mr N  Eckert
Director
Director
Company Registration No. 07362460
BOUTIQUE MODERN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 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 January 2015).

The financial statements have been prepared on a going concern basis which assumes that the company will receive financial support from its directors.

The directors have indicated that they will continue to provide this support for the foreseeable future.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
4% straight line
Plant and equipment
25% reducing balance / 20% straight line
1.6
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.7
Stock
Stock is valued at the lower of cost and net realisable value.
1.8
Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.
1.9
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.  The deferred tax balance has not been discounted.
BOUTIQUE MODERN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015
57,450
21,340
78,790
Revaluation
-
(14,758)
(14,758)
Written off against reserves
(57,450)
-
(57,450)
At 31 December 2015
-
6,582
6,582
Depreciation
At 1 January 2015
22,980
4,284
27,264
Revaluation
-
(590)
(590)
Charge for the year
5,745
722
6,467
Written off against reserves
(28,725)
-
(28,725)
At 31 December 2015
-
4,416
4,416
Net book value
At 31 December 2015
-
2,166
2,166
At 31 December 2014
34,470
17,056
51,526
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 ordinary shares of £1 each
1,000
1,000
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