Spoon Cereals UK Ltd - Period Ending 2015-12-31

Registration number: 08721747

Spoon Cereals UK Ltd Abbreviated Accounts for the Year Ended 31 December 2015

Michaelides Warner Accountants & Business Advisors 102 Fulham Palace Road Hammersmith London W6 9PL

Spoon Cereals UK Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Spoon Cereals UK Ltd
(Registration number: 08721747)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					96			-
Current assets
Stocks					31,746			-
Debtors					13,817			7,436
Cash at bank and in hand					69,169			47,441
					114,732			54,877
Creditors: Amounts falling due within one year					(35,018)			(5,800)
Net current assets					79,714			49,077
Total assets less current liabilities					79,810			49,077
Creditors: Amounts falling due after more than one year					(120,000)			-
Net (liabilities)/assets					(40,190)			49,077
Capital and reserves
Called up share capital		3			100			100
Share premium account					99,900			99,900
Profit and loss account					(140,190)			(50,923)
Shareholders' (deficit)/funds					(40,190)			49,077

For the year ending 31 December 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 3 May 2016 and signed on its behalf by:

.........................................
Mr Jonathan Christopher Harris Shimmin
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Spoon Cereals UK Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% Straight line method

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		128			128
At 31 December 2015		128			128
Depreciation
Charge for the year		32			32
At 31 December 2015		32			32
Net book value
At 31 December 2015		96			96

Page 2

Spoon Cereals UK Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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