| Havana Cigars Limited |
| Balance Sheet |
| as at 30 June 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
9,199 |
|
|
- |
| Debtors |
4 |
|
1,060 |
|
|
21,848 |
| Cash at bank and in hand |
|
|
117 |
|
|
451 |
|
|
|
10,376 |
|
|
22,299 |
|
| Creditors: amounts falling due within one year |
5 |
|
(11,713) |
|
|
(5,403) |
|
| Net current (liabilities)/assets |
|
|
|
(1,337) |
|
|
16,896 |
|
| Net (liabilities)/assets |
|
|
|
(1,337) |
|
|
16,896 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
6 |
|
|
200 |
|
|
200 |
| Profit and loss account |
7 |
|
|
(1,537) |
|
|
16,696 |
|
| Shareholders' funds |
|
|
|
(1,337) |
|
|
16,896 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| 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. |
|
|
|
|
| K. Orchant |
| Director |
| Approved by the board on 16 February 2016 |
|
| Havana Cigars Limited |
| Notes to the Accounts |
| for the year ended 30 June 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
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. |
|
|
Depreciation and amortisation |
|
Depreciation and amortisation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% reducing balance |
|
Leasehold improvements |
20% reducing balance |
|
|
|
| 2 |
Operating profit |
2015 |
|
2014 |
| £ |
£ |
|
This is stated after charging: |
|
|
Depreciation and amortisation of owned fixed assets |
- |
|
1,634 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Taxation |
2015 |
|
2014 |
| £ |
£ |
|
|
UK corporation tax |
- |
|
2,503 |
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2015 |
|
2014 |
| £ |
£ |
|
|
Other debtors |
1,060 |
|
21,848 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2015 |
|
2014 |
| £ |
£ |
|
|
Trade creditors |
716 |
|
- |
|
Corporation tax |
- |
|
2,523 |
|
Other taxes and social security costs |
- |
|
800 |
|
Other creditors |
10,997 |
|
2,080 |
|
|
|
|
|
|
11,713 |
|
5,403 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
200 |
|
200 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Profit and loss account |
2015 |
| £ |
|
|
At 1 July 2014 |
16,696 |
|
Loss for the year |
(1,485) |
|
Dividends |
(16,748) |
|
|
At 30 June 2015 |
(1,537) |
|
|
|
|
|
|
|
|
| 8 |
Dividends |
2015 |
|
2014 |
| £ |
£ |
|
|
Dividends for which the company became liable during the year: |
|
Dividends paid |
16,748 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
| 9 |
Ultimate controlling party |
|
|
The controlling party is a shadow director, Mr M. Orchant. |
|
