Play Latte Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05146443 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2014

for

Play Latte Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss C S Dunlevy

SECRETARY:

REGISTERED OFFICE:

73 South Drive

Chorltonville

Manchester

M21 8ED

REGISTERED NUMBER:

05146443 (England and Wales)

ACCOUNTANTS:

Lucas Reis Limited

Landmark House

Station Rd

Cheadle Hulme

Cheshire

SK8 7BS

FIXED ASSETS

Tangible assets

2

456,609

448,439

CURRENT ASSETS

Stocks

4,187

2,157

Debtors

3

106,147

127,672

Cash at bank and in hand

698,130

688,397

808,464

818,226

CREDITORS

Amounts falling due within one year

4

309,803

390,209

NET CURRENT ASSETS

498,661

428,017

TOTAL ASSETS LESS CURRENT LIABILITIES

955,270

876,456

CREDITORS

Amounts falling due after more than one year

4

-

(19,092

)

PROVISIONS FOR LIABILITIES

(39,684

)

(29,059

)

NET ASSETS

915,586

828,305

CAPITAL AND RESERVES

Called up share capital

5

2

2

Profit and loss account

915,584

828,303

SHAREHOLDERS' FUNDS

915,586

828,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 22 August 2014 and were signed by:

Miss C S Dunlevy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

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

Tangible fixed assets

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

Land and buildings

-

10% on cost

Plant and machinery etc

-

15% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

857,291

Additions

95,067

At 30 April 2014

952,358

DEPRECIATION

At 1 May 2013

408,852

Charge for year

86,897

At 30 April 2014

495,749

NET BOOK VALUE

At 30 April 2014

456,609

At 30 April 2013

448,439

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 43,825 (30.4.13 - £ 43,825 )

4.

CREDITORS

Creditors include an amount of £ 0 (30.4.13 - £ 64,056 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

2

Ordinary

£1

2

2