LUPONDE TEA LIMITED

LUPONDE TEA LIMITED

LUPONDE TEA LIMITED - Company Information

Print Friendly Version

LUPONDE TEA LIMITED

Company Registration Number:
06250587 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2020

Period of accounts

Start date: 01 June 2019

End date: 31 May 2020

LUPONDE TEA LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2020

Balance sheet
Notes

LUPONDE TEA LIMITED

Balance sheet

As at 31 May 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 0 711
Investments: 4 3,250 3,250
Total fixed assets: 3,250 3,961
Current assets
Stocks: 1,845 3,692
Cash at bank and in hand: 352 1,255
Total current assets: 2,197 4,947
Creditors: amounts falling due within one year:   (999,912) (999,962)
Net current assets (liabilities): (997,715) (995,015)
Total assets less current liabilities: (994,465) (991,054)
Total net assets (liabilities): (994,465) (991,054)
Capital and reserves
Called up share capital: 4,500 4,500
Share premium account: 445,500 445,500
Profit and loss account: (1,444,465) (1,441,054)
Shareholders funds: (994,465) (991,054)

The notes form part of these financial statements

LUPONDE TEA LIMITED

Balance sheet statements

For the year ending 31 May 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 December 2020
and signed on behalf of the board by:

Name: Miss Tamsin Lafferty
Status: Director

The notes form part of these financial statements

LUPONDE TEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Plant & Machinery 25% per annumFixtures & Fittings 20% per annum.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

LUPONDE TEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

2. Employees

2020 2019
Average number of employees during the period 1 1

LUPONDE TEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

3. Tangible Assets

Total
Cost £
At 01 June 2019 7,929
At 31 May 2020 7,929
Depreciation
At 01 June 2019 7,218
Charge for year 711
At 31 May 2020 7,929
Net book value
At 31 May 2020 0
At 31 May 2019 711

LUPONDE TEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

4. Fixed investments

Investments at cost 1 June 2019 and 31 May 2020 were £3,250.