Abbreviated Company Accounts - C7 BRANDS LIMITED

08626712 C7 BRANDS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 08626712 2014-04-01 2015-03-31 08626712 2015-03-31 08626712 2014-03-31 08626712 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 08626712 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 08626712

C7 BRANDS LIMITED

Abbreviated Accounts

31 March 2015

C7 BRANDS LIMITED Registered Number 08626712

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,545	1,731
		3,545	1,731
Current assets
Stocks		73,123	-
Debtors		87,181	5,094
Cash at bank and in hand		21,310	6,461
		181,614	11,555
Creditors: amounts falling due within one year		(789,472)	(188,317)
Net current assets (liabilities)		(607,858)	(176,762)
Total assets less current liabilities		(604,313)	(175,031)
Total net assets (liabilities)		(604,313)	(175,031)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(604,413)	(175,131)
Shareholders' funds		(604,313)	(175,031)

For the year ending 31 March 2015 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 29 June 2015

And signed on their behalf by:
Stephen Barton, Director

C7 BRANDS LIMITED Registered Number 08626712

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment - 33% straight line

Other accounting policies
Operating leases:

Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

2Tangible fixed assets

	£
Cost
At 1 April 2014	2,092
Additions	3,050
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	5,142
Depreciation
At 1 April 2014	361
Charge for the year	1,236
On disposals	-
At 31 March 2015	1,597
Net book values
At 31 March 2015	3,545
At 31 March 2014	1,731

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100