Nineteen/seventeen Ltd. - Limited company accounts 11.9

REGISTERED NUMBER: 08100595 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 June 2015

for

Nineteen/seventeen Ltd.

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

M Earnshaw

Mrs A Earnshaw

SECRETARY:

REGISTERED OFFICE:

12 Station Road

Watford

England

WD17 1EG

REGISTERED NUMBER:

08100595 (England and Wales)

ACCOUNTANTS:

M Chilton Accountancy Services Limited

16 Reed Mace Drive

Bromsgrove

Worcestershire

B61 0UJ

The directors present their report with the financial statements of the company for the year ended 30 June 2015.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 July 2014 to the date of this report.

M Earnshaw

Mrs A Earnshaw

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

M Earnshaw - Director

31 March 2016

TURNOVER

56,616

42,022

Cost of sales

12,120

11,590

GROSS PROFIT

44,496

30,432

Administrative expenses

113,235

114,367

(68,739

)

(83,935

)

Other operating income

7,093

12

OPERATING LOSS

2

(61,646

)

(83,923

)

Interest payable and similar charges

2,755

1,861

LOSS ON ORDINARY ACTIVITIES
BEFORE TAXATION

(64,401

)

(85,784

)

Tax on loss on ordinary activities

3

-

LOSS FOR THE FINANCIAL YEAR

(64,401

)

(85,784

)

FIXED ASSETS

Intangible assets

4

7,215

9,555

Tangible assets

5

28,728

30,867

35,943

40,422

CURRENT ASSETS

Debtors

6

6,637

7,946

Cash at bank and in hand

2,361

13,644

8,998

21,590

CREDITORS

Amounts falling due within one year

7

68,968

46,860

NET CURRENT LIABILITIES

(59,970

)

(25,270

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,027

)

15,152

CREDITORS

Amounts falling due after more than one
year

8

(130,033

)

(106,817

)

ACCRUALS AND DEFERRED INCOME

9

(2,918

)

(912

)

NET LIABILITIES

(156,978

)

(92,577

)

CAPITAL AND RESERVES

Called up share capital

10

2

Profit and loss account

11

(156,980

)

(92,579

)

SHAREHOLDERS' FUNDS

(156,978

)

(92,577

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 31 March 2016 and were signed on its behalf by:

M Earnshaw - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Initial franchise fee

Intangible Assets relates to an Initial Franchise Fee which is being amortised over it's useful life of 5 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 20% on cost and 10% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	OPERATING LOSS

The operating loss is stated after charging:

30.6.15

30.6.14

£

Depreciation - owned assets

4,947

3,849

Patents and licences amortisation

2,340

2,145

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 30 June 2015 nor for the year

ended 30 June 2014.

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2014

and 30 June 2015

11,700

AMORTISATION

At 1 July 2014

2,145

Charge for year

2,340

At 30 June 2015

4,485

NET BOOK VALUE

At 30 June 2015

7,215

At 30 June 2014

9,555

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2014

34,716

Additions

2,808

At 30 June 2015

37,524

DEPRECIATION

At 1 July 2014

3,849

Charge for year

4,947

At 30 June 2015

8,796

NET BOOK VALUE

At 30 June 2015

28,728

At 30 June 2014

30,867

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.15

30.6.14

£

Other debtors

6,637

7,946

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.15

30.6.14

£

Bank loans and overdrafts

7,489

8,585

Trade creditors

42,512

28,365

Taxation and social security

2,102

452

Other creditors

16,865

9,458

68,968

46,860

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.6.15

30.6.14

£

Bank loans

16,675

13,189

Other creditors

113,358

93,628

130,033

106,817

9.	ACCRUALS AND DEFERRED INCOME

30.6.15

30.6.14

£

Accruals and deferred income

2,918

912

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

2

Ordinary

1

2

11.

RESERVES

Profit

and loss

account

£

At 1 July 2014

(92,579

)

Deficit for the year

(64,401

)

At 30 June 2015

(156,980

)

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Other creditors falling due after more than 1 year relates to amounts owed to Directors.