All Screwed Up Ltd - Limited company - abbreviated

REGISTERED NUMBER: 06541356 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

All Screwed Up Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTORS:

P Berridge

Miss N J Bate

SECRETARY:

Miss N J Bate

REGISTERED OFFICE:

51, Henley Road

Leicester

Leicestershire

LE3 9RD

REGISTERED NUMBER:

06541356 (England and Wales)

ACCOUNTANTS:

Charlton Accountants Limited

71 Load St

Bewdley

Worcestershire

DY12 2AW

FIXED ASSETS

Intangible assets

2

15,157

16,810

Tangible assets

3

1,520

630

16,677

17,440

CURRENT ASSETS

Stocks

8,741

7,240

Debtors

12,460

18,175

Cash at bank and in hand

4,860

5,357

26,061

30,772

CREDITORS

Amounts falling due within one year

23,145

24,575

NET CURRENT ASSETS

2,916

6,197

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,593

23,637

CREDITORS

Amounts falling due after more than one
year

19,533

22,223

NET ASSETS

60

1,414

CAPITAL AND RESERVES

Called up share capital

4

80

Profit and loss account

(20

)

1,334

SHAREHOLDERS' FUNDS

60

1,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22 November 2014 and were signed on its behalf
by:

P Berridge - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of eighteen years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost, 10% on cost and 10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

24,800

AMORTISATION

At 1 April 2013

7,990

Amortisation for year

1,653

At 31 March 2014

9,643

NET BOOK VALUE

At 31 March 2014

15,157

At 31 March 2013

16,810

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

1,331

Additions

1,199

Disposals

(220

)

At 31 March 2014

2,310

DEPRECIATION

At 1 April 2013

701

Charge for year

144

Eliminated on disposal

(55

)

At 31 March 2014

790

NET BOOK VALUE

At 31 March 2014

1,520

At 31 March 2013

630

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

80

Ordinary

£1

80

5.	RELATED PARTY DISCLOSURES

The directors have given personal guarantees to one of its main suppliers. The amount owed to this supplier at

31st March 2014 was £1817 and this is shown in Creditors.

The director Mr P Berridge has provided a personal guarantee in respect of the company loan of £22523

outstanding at 31st March 2014. The loan was used by All Screwed Up Ltd to acquire the business in May 2008

from the previous unrelated owner.This amount is shown in creditors.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of All Screwed Up Ltd for the year ended 31 March 2014 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of All Screwed Up Ltd, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of All Screwed

Up Ltd and state those matters that we have agreed to state to the Board of Directors of All Screwed Up Ltd, as a body,

in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that All Screwed Up Ltd has kept adequate accounting records and to prepare statutory financial

statements that give a true and fair view of the assets, liabilities, financial position and loss of All Screwed Up Ltd. You

consider that All Screwed Up Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of All Screwed Up Ltd. For this

reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Charlton Accountants Limited

71 Load St

Bewdley

Worcestershire

DY12 2AW

22 November 2014