| Art of Siam Newcastle Limited |
| Registered number: |
06059166 |
| Abbreviated Balance Sheet |
| as at 30 June 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
20,000 |
|
|
24,000 |
| Tangible assets |
3 |
|
|
46,070 |
|
|
46,446 |
|
|
|
|
66,070 |
|
|
70,446 |
|
| Current assets |
| Stocks |
|
|
3,000 |
|
|
3,000 |
| Cash at bank and in hand |
|
|
1,406 |
|
|
3,628 |
|
|
|
4,406 |
|
|
6,628 |
|
| Creditors: amounts falling due within one year |
|
|
(53,473) |
|
|
(74,327) |
|
| Net current liabilities |
|
|
|
(49,067) |
|
|
(67,699) |
|
| Net assets |
|
|
|
17,003 |
|
|
2,747 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
16,003 |
|
|
1,747 |
|
| Shareholders' funds |
|
|
|
17,003 |
|
|
2,747 |
|
|
|
|
|
|
|
|
| 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. |
| The 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. |
|
|
|
| Usa Prasutanond |
| Director |
| Approved by the board on 2 March 2016 |
|
| Art of Siam Newcastle Limited |
| Notes to the Abbreviated 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 January 2015). |
|
|
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 |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
18% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2014 |
40,000 |
|
At 30 June 2015 |
40,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 July 2014 |
16,000 |
|
Provided during the year |
4,000 |
|
At 30 June 2015 |
20,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2015 |
20,000 |
|
At 30 June 2014 |
24,000 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2014 |
64,643 |
|
Additions |
900 |
|
At 30 June 2015 |
65,543 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2014 |
18,197 |
|
Charge for the year |
1,276 |
|
At 30 June 2015 |
19,473 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2015 |
46,070 |
|
At 30 June 2014 |
46,446 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
