Terrarium UK Limited - Period Ending 2016-01-31

Registration number: 08646969

Terrarium UK Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

Beever and Struthers
Chartered Accountants
St George's House
215-219 Chester Road
Manchester
Lancashire
M15 4JE

Terrarium UK Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Terrarium UK Limited
(Registration number: 08646969)
Abbreviated Balance Sheet at 31 January 2016

		Note			31 January 2016 £			31 January 2015 £
Fixed assets
Intangible fixed assets					9,094			12,118
Tangible fixed assets					1,496			2,025
					10,590			14,143
Current assets
Stocks					36,635			35,838
Debtors					52,884			1,811
Cash at bank and in hand					41,361			14,850
					130,880			52,499
Creditors: Amounts falling due within one year					(85,299)			(42,842)
Net current assets					45,581			9,657
Total assets less current liabilities					56,171			23,800
Creditors: Amounts falling due after more than one year					(84,130)			(87,974)
Net liabilities					(27,959)			(64,174)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(28,059)			(64,274)
Shareholders' deficit					(27,959)			(64,174)

For the year ending 31 January 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 director acknowledges her 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 director on 20 April 2016

The notes on pages 3 to 4 form an integral part of these financial statements.
  Page 1

Terrarium UK Limited
(Registration number: 08646969)
Abbreviated Balance Sheet at 31 January 2016......... continued

......................................... Mrs L J Serafi Director

The notes on pages 3 to 4 form an integral part of these financial statements.
  Page 2

Terrarium UK Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 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).

Going concern

The financial statements have been prepared on a going concern basis. The director and shareholders have confirmed their willingness to continue to support the company and provide the necessary working capital to enable the company to meet its liabilities as they fall due. It is on this basis that the financial statements have been prepared on the going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Amortisation

Amortisation is calculated so as write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

Asset class	Amortisation method and rate
Website	Over 5 years

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Equipment	Over 4 years

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 3

Terrarium UK Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 February 2015		15,118			2,514			17,632
Additions		-			100			100
At 31 January 2016		15,118			2,614			17,732
Depreciation
At 1 February 2015		3,000			489			3,489
Charge for the year		3,024			629			3,653
At 31 January 2016		6,024			1,118			7,142
Net book value
At 31 January 2016		9,094			1,496			10,590
At 31 January 2015		12,118			2,025			14,143

3	Share capital

Allotted, called up and fully paid shares

	31 January 2016						31 January 2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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