Tai Sun Oriental Cash and Carry Limited - Period Ending 2016-04-30

Registration number: 08073349

Tai Sun Oriental Cash and Carry Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

Tai Sun Oriental Cash and Carry Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Tai Sun Oriental Cash and Carry Limited (Registration number: 08073349)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					31,925			42,569
Current assets
Stocks					52,000			70,000
Debtors					180,358			41,136
Cash at bank and in hand					18,824			22,913
					251,182			134,049
Creditors: Amounts falling due within one year					(115,612)			(77,206)
Net current assets					135,570			56,843
Total assets less current liabilities					167,495			99,412
Creditors: Amounts falling due after more than one year					(52,552)			-
Net assets					114,943			99,412
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					114,843			99,312
Shareholders' funds					114,943			99,412

For the year ending 30 April 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 6 October 2016 and signed on its behalf by:

.........................................
F Wang
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Tai Sun Oriental Cash and Carry Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% per annum on a reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Tai Sun Oriental Cash and Carry Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		98,028			98,028
At 30 April 2016		98,028			98,028
Depreciation
At 1 May 2015		55,459			55,459
Charge for the year		10,644			10,644
At 30 April 2016		66,103			66,103
Net book value
At 30 April 2016		31,925			31,925
At 30 April 2015		42,569			42,569

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3