The Cosmedic Company Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 06667892 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 August 2015

for

The Cosmedic Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Dr P L O Law

Mrs L Law

SECRETARY:

REGISTERED OFFICE:

30-32 High Street

Codnor

Ripley

Derbyshire

DE5 9QB

REGISTERED NUMBER:

06667892 (England and Wales)

ACCOUNTANTS:

Butler Cook

30-32 High Street

Codnor

Ripley

Derbyshire

DE5 9QB

FIXED ASSETS

Tangible assets

2

850

774

CURRENT ASSETS

Stocks

1,000

-

Debtors

30,515

15,896

Cash at bank

-

49

31,515

15,945

CREDITORS

Amounts falling due within one year

18,024

8,962

NET CURRENT ASSETS

13,491

6,983

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,341

7,757

PROVISIONS FOR LIABILITIES

170

155

NET ASSETS

14,171

7,602

CAPITAL AND RESERVES

Called up share capital

3

110

100

Profit and loss account

14,061

7,502

SHAREHOLDERS' FUNDS

14,171

7,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 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 23 May 2016 and were signed on its behalf by:

Dr P L O Law - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

1,930

Additions

649

Disposals

(747

)

At 31 August 2015

1,832

DEPRECIATION

At 1 September 2014

1,156

Charge for year

287

Eliminated on disposal

(461

)

At 31 August 2015

982

NET BOOK VALUE

At 31 August 2015

850

At 31 August 2014

774

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

50

Ordinary A Shares

1

50

Ordinary B Shares

1

50

10

Ordinary C Shares

£1

10

-

110

100