Company Registration No. 05816138 (England and Wales)
APRICOTO LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
APRICOTO LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
APRICOTO LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2
2
Current assets
Stocks
18,411
18,787
Debtors
69,484
67,978
Cash at bank and in hand
145,937
102,708
233,832
189,473
Creditors: amounts falling due within one year
(37,631)
(46,352)
Net current assets
196,201
143,121
Total assets less current liabilities
196,203
143,123
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
196,103
143,023
Shareholders' funds
196,203
143,123
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 9 February 2017
Mr Alpesh Ruparelia
Director
Company Registration No. 05816138
APRICOTO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 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 April 2008).
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
All acquired goodwill has been written off.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets 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 Leasehold
over the term of the lease
Plant and machinery
15% straight line
Fixtures, fittings & equipment
15% straight line
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 June 2015 & at 31 May 2016
12,723
141,059
153,782
Depreciation
At 1 June 2015 & at 31 May 2016
12,723
141,057
153,780
Net book value
At 31 May 2016
-
2
2
At 31 May 2015
-
2
2
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100