As at
Notes |
2016 £ |
2015 £ |
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Fixed assets | |||
Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: |
(
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(
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Net current assets (liabilities): |
(
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(
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Total assets less current liabilities: |
(
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(
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Total net assets (liabilities): |
(
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(
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The notes form part of these financial statements
As at 31 March 2016
Notes |
2016 £ |
2015 £ |
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Capital and reserves | |||
Called up share capital: | 2 |
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Profit and loss account: |
(
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(
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Shareholders funds: |
(
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(
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2016
Basis of measurement and preparation of accounts
Other accounting policies
Taxation
Taxation is provided on the operating profit after interest and deferred taxation is taken in to account as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognized in respect of all timing differences that have originated but not reversed at the balance sheet date. Deferred tax assets are recognized only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the year in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. The Director is of the opinion that at present there is no value in respect of such timing differences and losses incurred and consequently no provision has been made.