Taste Cocktails Ltd |
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Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Taste Cocktails Ltd for the period ended 31 May 2016 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Taste Cocktails Ltd for the period ended 31 May 2016 which comprise of 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 Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
This report is made solely to the Board of Directors of Taste Cocktails Ltd, as a body, in accordance with the terms of our engagement letter dated 7 May 2015. Our work has been undertaken solely to prepare for your approval the accounts of Taste Cocktails Ltd and state those matters that we have agreed to state to the Board of Directors of Taste Cocktails Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Taste Cocktails Ltd and its Board of Directors as a body for our work or for this report. |
It is your duty to ensure that Taste Cocktails Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Taste Cocktails Ltd. You consider that Taste Cocktails Ltd is exempt from the statutory audit requirement for the period. |
We have not been instructed to carry out an audit or a review of the accounts of Taste Cocktails 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 abbreviated accounts. |
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Paul Robson |
Chartered Accountant & Tax Consultant |
40 Mandeville Way |
Benfleet |
Essex |
SS7 4LH |
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28 June 2016 |
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Taste Cocktails Ltd
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Registered number: |
09578819
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Abbreviated Balance Sheet |
as at 31 May 2016
|
|
Notes |
|
|
2016 |
|
£ |
|
Fixed assets |
Intangible assets |
2 |
|
|
3,750 |
Tangible assets |
3 |
|
|
2,372 |
|
|
|
|
6,122 |
|
|
Current assets |
Stocks |
|
|
4,011 |
Debtors |
|
|
1,308 |
Cash at bank and in hand |
|
|
59,664 |
|
|
|
64,983 |
|
|
|
Creditors: amounts falling due within one year |
|
|
(18,012) |
|
Net current assets |
|
|
|
46,971 |
|
|
Net assets |
|
|
|
53,093 |
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
2 |
Share premium |
|
|
|
83,610 |
Profit and loss account |
|
|
|
(30,519) |
|
Shareholders' funds |
|
|
|
53,093 |
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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|
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T C E Vacher |
Director |
Approved by the board on 28 June 2016
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Taste Cocktails Ltd
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Notes to the Abbreviated Accounts |
for the period ended 31 May 2016
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|
1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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|
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
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Fixtures & fittings |
3 year straight line
|
|
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Stocks |
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Stock is valued at the lower of cost and net realisable value. |
|
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Deferred taxation |
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Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
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Foreign currencies |
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Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
Additions |
5,000 |
|
At 31 May 2016 |
5,000 |
|
|
|
|
|
|
|
|
Amortisation |
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Provided during the period |
1,250 |
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At 31 May 2016 |
1,250 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2016 |
3,750 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
Additions |
3,559 |
|
At 31 May 2016 |
3,559 |
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the period |
1,187 |
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At 31 May 2016 |
1,187 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2016 |
2,372 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
value |
Number |
£ |
|
|
Allotted, called up and fully paid: |
|
A Ordinary shares
|
£0.000001 each |
|
2,129,344 |
|
2 |
|
B Investment shares
|
£0.000001 each |
|
93,698 |
|
- |
|
|
|
|
|
|
|
|
Nominal |
Number |
Amount |
value |
£ |
|
Shares issued during the period: |
|
A Ordinary shares
|
£0.000001 each |
|
2,129,344 |
|
2 |
|
B Investment shares
|
£0.000001 each |
|
93,698 |
|
- |
|
|
|
|
|
|
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