Lifecake Limited - Limited company - abbreviated - 11.0.0

Lifecake Limited - Limited company - abbreviated - 11.0.0


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REGISTERED NUMBER: 05992730 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

Lifecake Limited

Lifecake Limited (Registered number: 05992730)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Lifecake Limited

Company Information
for the Year Ended 31 July 2014







DIRECTORS: A N Babaian
R Bonanzinga
M S Hirschfield





REGISTERED OFFICE: Utopia Village
Unit 5
7 Chalcot Road
London
NW1 8LH





REGISTERED NUMBER: 05992730 (England and Wales)





ACCOUNTANTS: Grunberg & Co Limited
Chartered Accountants
10-14 Accommodation Road
Golders Green
London
NW11 8ED

Lifecake Limited (Registered number: 05992730)

Abbreviated Balance Sheet
31 July 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 3,450 62

CURRENT ASSETS
Debtors 2,250 474
Cash at bank 217,355 598
219,605 1,072
CREDITORS
Amounts falling due within one year 9,736 70,798
NET CURRENT ASSETS/(LIABILITIES) 209,869 (69,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,319

(69,664
)

CAPITAL AND RESERVES
Called up share capital 3 444 273
Share premium 922,833 184,928
Profit and loss account (709,958 ) (254,865 )
SHAREHOLDERS' FUNDS 213,319 (69,664 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 24 September 2014 and were signed on its behalf
by:





A N Babaian - Director


Lifecake Limited (Registered number: 05992730)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 2014

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared on a going concern basis, as the directors are of the opinion that the company
will receive continued support for a period of at least twelve months, from the approval date of these financial
statements.

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.

Income is recognised at the point of sale.

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

Computer equipment - 25% on cost

Deferred tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by
the balance sheet date except that:

- the recognition of deferred tax assets is limited to the extent that the company anticipates to make sufficient
taxable profits in the future to absorb the reversal of the underlying timing differences.

Deferred tax balances are not discounted.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2013 192
Additions 4,581
At 31 July 2014 4,773
DEPRECIATION
At 1 August 2013 130
Charge for year 1,193
At 31 July 2014 1,323
NET BOOK VALUE
At 31 July 2014 3,450
At 31 July 2013 62

Lifecake Limited (Registered number: 05992730)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2014

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
25,750,329 Ordinary £0.00001 258 232
4,072,842 Ordinary A £0.00001 41 41
14,458,103 A shares £0.00001 145 -
444 273

The following fully paid shares were allotted during the year at a premium as shown below:

2,578,211 Ordinary shares of £0.00001 each at 4.332 per share
14,458,103 A shares shares of £0.00001 each at 4.332 per share