Play Latte Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05146443 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Play Latte Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss C S Dunlevy

REGISTERED OFFICE:

73 South Drive

Chorltonville

Manchester

M21 8ED

REGISTERED NUMBER:

05146443 (England and Wales)

ACCOUNTANTS:

Lucas Reis Limited

Landmark House

Station Rd

Cheadle Hulme

Cheshire

SK8 7BS

FIXED ASSETS

Tangible assets

2

330,948

389,999

CURRENT ASSETS

Stocks

5,736

5,094

Debtors

3

127,477

124,821

Cash at bank and in hand

475,223

882,694

608,436

1,012,609

CREDITORS

Amounts falling due within one year

286,915

354,175

NET CURRENT ASSETS

321,521

658,434

TOTAL ASSETS LESS CURRENT
LIABILITIES

652,469

1,048,433

PROVISIONS FOR LIABILITIES

33,482

36,214

NET ASSETS

618,987

1,012,219

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

618,985

1,012,217

SHAREHOLDERS' FUNDS

618,987

1,012,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 8 August 2016 and were signed by:

Miss C S Dunlevy - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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.

Land and buildings

-

10% on cost

Plant and machinery etc

-

15% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

965,543

Additions

14,978

At 30 April 2016

980,521

DEPRECIATION

At 1 May 2015

575,544

Charge for year

74,029

At 30 April 2016

649,573

NET BOOK VALUE

At 30 April 2016

330,948

At 30 April 2015

389,999

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 43,825 (30.4.15 - £ 43,825 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

2

Ordinary

£1

2