Registered Number 05850338

SHAW RETAIL SERVICES LTD

Abbreviated Accounts

31 July 2016

SHAW RETAIL SERVICES LTD Registered Number 05850338

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,656 4,875
3,656 4,875
Current assets
Stocks 6,069 6,733
Debtors 5,517 5,440
Cash at bank and in hand 7,836 12,998
19,422 25,171
Creditors: amounts falling due within one year (21,980 ) (26,076 )
Net current assets (liabilities) (2,558 ) (905 )
Total assets less current liabilities 1,098 3,970
Creditors: amounts falling due after more than one year (925 ) (2,158 )
Total net assets (liabilities) 173 1,812
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 73 1,712
Shareholders' funds 173 1,812

  • For the year ending 31 July 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 26 October 2016

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 2016

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 January 2015.

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 company’s 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:

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 2015 5,715
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2016 5,715
Depreciation
At 1 August 2015 840
Charge for the year 1,219
On disposals -
At 31 July 2016 2,059
Net book values
At 31 July 2016 3,656
At 31 July 2015 4,875
3 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100