Accounts filed on 31-12-2015


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 31 December 2015

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 02556443


Registered Number: 02556443

BALANCE SHEET AT 31 DECEMBER 2015

			2015		2014
	Notes		£		£

FIXED ASSETS
Tangible assets	2		6,914		10,397

CURRENT ASSETS
Debtors (amounts falling due within one year)		53,416		37,995
Investments		51,148		51,148
Cash at bank and in hand		12,736		24,101
		117,300		113,244
CREDITORS: Amounts falling due within one year		61,247		47,631
NET CURRENT ASSETS			56,053		65,613
TOTAL ASSETS LESS CURRENT LIABILITIES			62,967		76,010

CAPITAL AND RESERVES

Called up share capital	3		20,000		20,000
Profit and loss account			42,967		56,010
SHAREHOLDERS' FUNDS			62,967		76,010

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 19 September 2016 and signed on their behalf by




G Christodoulou
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		reducing balance 15%
Motor Cars		reducing balance 25%




1c. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.




1d. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1e. Leasing Commitments
Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the term of the lease.
Assets held under finance leases, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and are depreciated over their useful lives The capital element of future obligations under the lease is included as a liability in the balance sheet The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
For sale and leaseback agreements the commercial substance of the leaseback is taken into account when deciding on the correct accounting treatment For sale and leaseback agreements which are of a rental nature ("operating leases") any profit or loss on disposal is recognised immediately in the profit and loss account.
Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the next lease review.




3. SHARE CAPITAL	2015	2014
	£	£
Allotted, issued and fully paid:
20,000 Ordinary shares of £1 each	20,000	20,000
	20,000	20,000




4. RELATED PARTY TRANSACTIONS
The director owns the property which the company uses for trading. The company has a lease on the property the expiry date of which is 11 June 2022. During the year the company was charged £33,556 (2014: £33,556) for rent of the premises. Included in debtors is £10,000 (2014: £10,100) in respect of rental deposits. Creditors includes directors loans of £8,357 (2014: £357).