Tea Inc. Limited - Accounts

Tea Inc. Limited - Accounts

TEA INC. LIMITED - Company Information

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1 December 2014 1 0 08773666 2014-12-01 2015-12-31 08773666 2014-11-30 08773666 2015-12-31 08773666 2013-11-13 2014-11-30 08773666 2013-11-12 08773666 2014-11-30 08773666 uk-bus:Director1 2014-12-01 2015-12-31 08773666 uk-gaap:OfficeEquipment 2014-12-01 2015-12-31 08773666 uk-gaap:FixturesFittings 2014-12-01 2015-12-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
  Registered number
  08773666
 
  Tea Inc. Limited  
  Abbreviated Unaudited Accounts  
  for the period  
  1 December 2014 to 31 December 2015  
 
 

Tea Inc. Limited
Balance Sheet
as at 31 December 2015

Notes
   2015
£		   2014
£
Fixed assets 2
Tangible assets 5,702 5,437
5,702 5,437
Current assets
Cash at bank and in hand 804 87
804 87
Creditors: amounts falling due within one year 18,386 22,322
Net current assets / (liabilities) (17,582) (22,235)
Total assets less current liabilities (11,880) (16,798)
Total net assets (liabilities) (11,880) (16,798)
Capital and reserves
Called up share capital 3 2 2
Profit and loss account (11,882) (16,800)
Shareholders' funds (11,880) (16,798)

 
 

Tea Inc. Limited
Balance Sheet
as at 31 December 2015



These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

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.

Signed on behalf of the board of directors

 

...............................

Mrs C Richards

Director


Approved by the board on 23 September 2016


 
 

Tea Inc. Limited
Notes to the Accounts
for the period 1 December 2014 to 31 December 2015

1. Accounting policies

Basis of accounting
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding VAT having regard to the fulfilment of contractual obligations.

Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Equipment 25% Reducing Balance
Fixtures & fittings 25% Reducing Balance

 
 
2. Fixed assets
Tangible Fixed Assets Total
Cost £ £
At 30 November 2014 7,249 7,249
Additions 2,165 2,165
At 31 December 2015 9,414 9,414
 
Depreciation
At 30 November 2014 1,812 1,812
Charge for period 1,900 1,900
At 31 December 2015 3,712 3,712
 
Net book values
At 31 December 2015 5,702 5,702
At 30 November 2014 5,437 5,437

 
 
3. Share capital
2015 2014
£ £
Allotted, called up and fully paid:
2 (2014: 2) Ordinary £1 shares of £1.00 each 2 2
2 2

 
 
4. Transactions with directors

Alan & Claudia richards £
Description of the transaction Joint Directors Loan
Balance due from/(to) the company at 1 December 2014 20,249
Advances or credits to Director (33,000)
Advances or credits from Director 26,165
Balance due from/(to) the company at 31 December 2015 13,414