Company Registration No. 09770105 (England and Wales)
Tweek Cosmetics Ltd
Abbreviated unaudited accounts
for the period from 9 September 2015 to 30 September 2016
Tweek Cosmetics Ltd
Abbreviated Balance Sheet
as at 30 September 2016
Cash at bank and in hand
9,922
Creditors: amounts falling due within one year
(23,083)
Net current liabilities
(6,300)
Called up share capital
100
Profit and loss account
(3,377)
Total shareholders' funds
(3,277)
For the period ending 30 September 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 30 October 2016
C L Sheldrick
Director
Company Registration No. 09770105
Tweek Cosmetics Ltd
Notes to the Abbreviated Accounts
for the period from 9 September 2015 to 30 September 2016
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective January 2015).
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tweek Cosmetics Ltd
Notes to the Abbreviated Accounts
for the period from 9 September 2015 to 30 September 2016
2
Tangible fixed assets
Plant & machinery
At 30 September 2016
3,779
At 30 September 2016
3,023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
