DIABETIC_SNACKS_UK_LIMITE - Accounts

DIABETIC SNACKS UK LIMITED - Company Information

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Company Registration No. 07156237 (England and Wales)

DIABETIC SNACKS UK LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

DIABETIC SNACKS UK LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

DIABETIC SNACKS UK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

600

Current assets

Stocks

5,428

3,963

Debtors

798

4,963

Cash at bank and in hand

1,042

3,652

7,268

12,578

Creditors: amounts falling due within one year

(17,348)

(17,352)

Net current liabilities

(10,080)

(4,774)

Total assets less current liabilities

(10,080)

(4,174)

Capital and reserves

Called up share capital

100

Profit and loss account

(10,180)

(4,274)

Shareholders' funds

(10,080)

(4,174)

For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 October 2016

Mr M J Nicholson

Director

Company Registration No. 07156237

DIABETIC SNACKS UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company meets its working capital requirements with support from the directors who are also co-shareholders. The directors are committed to not withdrawing financial support from the company.

On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of the directors financial support.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Intangible fixed assets

Website costs are amortised over 2 years in equal annual instalments.

Fixed assets

Intangible assets

Cost

At 1 June 2015 & at 31 May 2016

1,200

Depreciation

At 1 June 2015

600

Charge for the year

600

At 31 May 2016

1,200

Net book value

At 31 May 2016

At 31 May 2015

600

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100