KOOL CAKES BAKERY LTD - Abbreviated accounts 16.3

KOOL CAKES BAKERY LTD - Abbreviated accounts 16.3

KOOL CAKES BAKERY LTD - Company Information

Print Friendly Version

06597246 1.7.15 30.6.16 30.6.16 Company accounts Private Limited Company FY true false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure065972462015-06-30065972462016-06-30065972462015-07-012016-06-30065972462014-06-30065972462014-07-012015-06-30065972462015-06-3006597246ns12:England2015-07-012016-06-3006597246ns14:PoundSterling2015-07-012016-06-3006597246ns7:Director12015-07-012016-06-3006597246ns7:Director22015-07-012016-06-3006597246ns7:OrdinaryShareClass12015-07-012016-06-3006597246ns7:RegisteredOffice2015-07-012016-06-3006597246ns7:EntityAccountantsOrAuditors2015-07-012016-06-3006597246ns5:PlantMachinery2015-07-012016-06-3006597246ns5:FixturesFittings2015-07-012016-06-3006597246ns5:MotorVehicles2015-07-012016-06-3006597246ns5:ComputerEquipment2015-07-012016-06-3006597246ns7:OrdinaryShareClass12016-06-3006597246ns7:OrdinaryShareClass12015-06-30
REGISTERED NUMBER: 06597246 (England and Wales)














ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

KOOL CAKES BAKERY LTD

KOOL CAKES BAKERY LTD (REGISTERED NUMBER: 06597246)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

KOOL CAKES BAKERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2016







DIRECTORS: A Shah
K Kumar





REGISTERED OFFICE: 2 Honeypot Lane
Kingsbury
London
NW9 9QD





REGISTERED NUMBER: 06597246 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX
Page 1
KOOL CAKES BAKERY LTD (REGISTERED NUMBER: 06597246)

ABBREVIATED BALANCE SHEET
30 JUNE 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 78,464 76,064
78,464 76,064

CURRENT ASSETS
Stocks 4,395 7,310
Debtors 30,211 18,251
Cash at bank and in hand 25,175 8,186
59,781 33,747
CREDITORS
Amounts falling due within one year 4 51,815 27,558
NET CURRENT ASSETS 7,966 6,189
TOTAL ASSETS LESS CURRENT
LIABILITIES
86,430
82,253

CREDITORS
Amounts falling due after more than one
year
4
12,073
12,516
NET ASSETS 74,357 69,737

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 74,257 69,637
SHAREHOLDERS' FUNDS 74,357 69,737

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 notes form part of these abbreviated accounts

Page 2 continued...
KOOL CAKES BAKERY LTD (REGISTERED NUMBER: 06597246)

ABBREVIATED BALANCE SHEET - continued
30 JUNE 2016


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 13 January 2017 and were signed on its behalf by:




K Kumar - Director



A Shah - Director


The notes form part of these abbreviated accounts

Page 3
KOOL CAKES BAKERY LTD (REGISTERED NUMBER: 06597246)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of five years.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015
and 30 June 2016 74,398
AMORTISATION
At 1 July 2015
and 30 June 2016 74,398
NET BOOK VALUE

At 30 June 2016 -
At 30 June 2015 -

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2015 203,064
Additions 3,698
At 30 June 2016 206,762
DEPRECIATION
At 1 July 2015 127,000
Charge for year 1,298
At 30 June 2016 128,298
NET BOOK VALUE
At 30 June 2016 78,464
At 30 June 2015 76,064

Page 4 continued...
KOOL CAKES BAKERY LTD (REGISTERED NUMBER: 06597246)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 JUNE 2016

4. CREDITORS

Creditors include an amount of £ 14,624 (2015 - £ 17,044 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary Shares £1 100 100

Page 5