ICELY_DONE_DRINKS_LIMITED - Accounts

ICELY DONE DRINKS LIMITED - Company Information

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Company Registration No. 08967550 (England and Wales)

ICELY DONE DRINKS LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2015

ICELY DONE DRINKS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ICELY DONE DRINKS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

3,772

Current assets

Stocks

825

Debtors

4,032

Cash at bank and in hand

5,051

9,908

Creditors: amounts falling due within one year

(4,743)

Net current assets

5,165

Total assets less current liabilities

8,937

Creditors: amounts falling due after more than one year

(6,105)

Provisions for liabilities

(525)

2,307

Capital and reserves

Called up share capital

100

Profit and loss account

2,207

Shareholders' funds

2,307

For the financial period ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 March 2016

Eleftherios Christodoulou

Director

Company Registration No. 08967550

ICELY DONE DRINKS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods net of VAT and trade discounts. Turnover is recognised when goods are ready for despatch.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance method

Motor vehicles

25% reducing balance method

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 31 March 2014

Additions

5,030

At 31 March 2015

5,030

Depreciation

At 31 March 2014

Charge for the period

1,258

At 31 March 2015

1,258

Net book value

At 31 March 2015

3,772

ICELY DONE DRINKS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2015

- 3 -

Share capital

2015

Allotted, called up and fully paid

100 ordinary shares of £1 each

100