Tuk Tuk Foods Ltd - Period Ending 2016-05-31

Registration number: 05124724

Tuk Tuk Foods Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016

Tuk Tuk Foods Ltd

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 3

Tuk Tuk Foods Ltd

(Registration number: 05124724)
Abbreviated Balance Sheet as at 31 May 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets	2	41,598	41,704
Current assets
Stocks		425	450
Creditors: Amounts falling due within one year		(39,785)	(42,933)
Net current liabilities		(39,360)	(42,483)
Total assets less current liabilities		2,238	(779)
Accruals and deferred income		(625)	(840)
Net assets/(liabilities)		1,613	(1,619)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		1,611	(1,621)
Shareholders funds/(deficit)		1,613	(1,619)

For the year ending 31 May 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 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.

Approved by the Board on 9 February 2017 and signed on its behalf by:

.........................................
D A Bird
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Tuk Tuk Foods Ltd

Notes to the Abbreviated Accounts

Accounting policies

Basis of preparation

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance

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.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Fixed assets

	Tangible assets £	Total £
Cost
At 1 June 2015	44,099	44,099
At 31 May 2016	44,099	44,099
Depreciation
At 1 June 2015	2,395	2,395
Charge for the year	106	106
At 31 May 2016	2,501	2,501
Net book value
At 31 May 2016	41,598	41,598
At 31 May 2015	41,704	41,704

Page 2

Tuk Tuk Foods Ltd

Notes to the Abbreviated Accounts

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

Related party transactions

Transactions with directors

Dividends paid to directors

	2016 £	2015 £
Mrs P Bird
	5,000	-


D A Bird
	5,000	-

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 3