Herbprime Co. Limited - Abbreviated accounts

Registered number

05856946

Herbprime Co. Limited

Abbreviated Accounts

31 December 2015

Herbprime Co. Limited
Registered number:		05856946
Abbreviated Balance Sheet
as at 31 December 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		32,517			40,307

Current assets
Stocks		285,576			197,931
Debtors		70,675			53,134
Cash at bank and in hand		60,732			31,413
		416,983			282,478

Creditors: amounts falling due within one year		(261,184)			(126,037)

Net current assets			155,799			156,441

Total assets less current liabilities			188,316			196,748

Creditors: amounts falling due after more than one year			(138,249)			(161,249)



Net assets			50,067			35,499

Capital and reserves
Called up share capital	3		82,000			82,000
Profit and loss account			(31,933)			(46,501)

Shareholders' funds			50,067			35,499

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



David Chin Lung Yen
Director
Approved by the board on 27 September 2016

Herbprime Co. Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2015

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

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

	Plant and machinery			20% straight line

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

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 January 2015					79,578
	Additions					339
	At 31 December 2015					79,917

	Depreciation
	At 1 January 2015					39,271
	Charge for the year					8,129
	At 31 December 2015					47,400

	Net book value
	At 31 December 2015					32,517
	At 31 December 2014					40,307


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		82,000		82,000