Truestart Coffee Limited - DNU - Abbreviated accounts 16.1

REGISTERED NUMBER: 09460193 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 26 February 2015 to 31 March 2016

for

Truestart Coffee Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S P Hills

Mrs H M Hills

G G Wakelin

REGISTERED OFFICE:

13 Brewhouse, Georges Square

Bath Street

Bristol

BS1 6LA

REGISTERED NUMBER:

09460193 (England and Wales)

ACCOUNTANTS:

Moore Stephens

Chartered Accountants

30 Gay Street

Bath

BA1 2PA

FIXED ASSETS

Tangible assets

2

19,012

CURRENT ASSETS

Stocks

7,039

Debtors

116,434

Cash at bank

52,358

175,831

CREDITORS

Amounts falling due within one year

15,436

NET CURRENT ASSETS

160,395

TOTAL ASSETS LESS CURRENT LIABILITIES

179,407

CAPITAL AND RESERVES

Called up share capital

3

200

Share premium

309,935

Profit and loss account

(130,728

)

SHAREHOLDERS' FUNDS

179,407

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the Board of Directors on 25 August 2016 and were signed on its behalf by:

S P Hills - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

25,604

At 31 March 2016

25,604

DEPRECIATION

Charge for period

6,592

At 31 March 2016

6,592

NET BOOK VALUE

At 31 March 2016

19,012

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

65

A Ordinary

1

65

135

B Ordinary

1

135

200

135 B Ordinary shares of 1 each were allotted and fully paid for cash at par during the period.

65 A Ordinary shares of 1 each were allotted as fully paid at a premium of £4768 per share during

the period.