Abbreviated Company Accounts - COOLEST BANANAS LIMITED

COOLEST BANANAS LIMITED - Company Information

06374198 COOLEST BANANAS LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 06374198 2013-10-01 2014-09-30 06374198 2014-09-30 06374198 2013-09-30 06374198 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 06374198 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:Director3 2013-10-01 2014-09-30 uk-gaap-cd-bus:Director3 2014-09-30 uk-gaap-cd-bus:Director3 2013-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 06374198

COOLEST BANANAS LIMITED

Abbreviated Accounts

30 September 2014

COOLEST BANANAS LIMITED Registered Number 06374198

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,590	3,976
		2,590	3,976
Current assets
Debtors		16,864	10,882
Cash at bank and in hand		11,918	21,321
		28,782	32,203
Creditors: amounts falling due within one year		(11,693)	(24,551)
Net current assets (liabilities)		17,089	7,652
Total assets less current liabilities		19,679	11,628
Provisions for liabilities		(518)	(795)
Total net assets (liabilities)		19,161	10,833
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		19,061	10,733
Shareholders' funds		19,161	10,833

For the year ending 30 September 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 June 2015

And signed on their behalf by:
Lee Wilson, Director

COOLEST BANANAS LIMITED Registered Number 06374198

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of services, including Value Added Tax. An expense is recognised in respect of Value Added Tax calculated at a flat rate of gross sales. Sales are recognised when the services are provided.

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Other accounting policies
Deferred Tax
Deferred Tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 October 2013	9,569
Additions	470
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	10,039
Depreciation
At 1 October 2013	5,593
Charge for the year	1,856
On disposals	-
At 30 September 2014	7,449
Net book values
At 30 September 2014	2,590
At 30 September 2013	3,976

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	Lee Wilson
Description of the transaction:	Loan Account
Balance at 1 October 2013:	£ 3,923
Advances or credits made:	£ 4,337
Advances or credits repaid:	£ 3,923
Balance at 30 September 2014:	£ 4,337

During the year the company operated a loan account with its director. The loan was provided interest free with no set repayment terms.