Abbreviated Company Accounts - NAMASTE LOUNGE LIMITED

NAMASTE LOUNGE LIMITED - Company Information

06601831 NAMASTE LOUNGE LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 06601831 2015-04-01 2016-03-31 06601831 2016-03-31 06601831 2015-03-31 06601831 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06601831 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06601831

NAMASTE LOUNGE LIMITED

Abbreviated Accounts

31 March 2016

NAMASTE LOUNGE LIMITED Registered Number 06601831

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	365,751	354,941
		365,751	354,941
Current assets
Stocks		32,337	38,500
Debtors		3,000	-
Cash at bank and in hand		71,649	50,949
		106,986	89,449
Creditors: amounts falling due within one year		(290,783)	(235,312)
Net current assets (liabilities)		(183,797)	(145,863)
Total assets less current liabilities		181,954	209,078
Creditors: amounts falling due after more than one year		(150,000)	(200,000)
Total net assets (liabilities)		31,954	9,078
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		30,954	8,078
Shareholders' funds		31,954	9,078

For the year ending 31 March 2016 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 1 July 2016

And signed on their behalf by:
Mr K E Mogantas, Director
Mr N Chande, Director

NAMASTE LOUNGE LIMITED Registered Number 06601831

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT.

Tangible assets depreciation policy
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:

Land and buildings leasehold Straight line over the life of the lease
Computer equipment 33.33% straight line
Fixtures, fittings and equipment 20% straight line

Other accounting policies
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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

2Tangible fixed assets

	£
Cost
At 1 April 2015	417,098
Additions	92,982
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	510,080
Depreciation
At 1 April 2015	62,157
Charge for the year	82,172
On disposals	-
At 31 March 2016	144,329
Net book values
At 31 March 2016	365,751
At 31 March 2015	354,941

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000