Abbreviated Company Accounts - CHOCTAILS LIMITED

Registered Number 08059126

CHOCTAILS LIMITED

Abbreviated Accounts

31 May 2016

CHOCTAILS LIMITED Registered Number 08059126

Abbreviated Balance Sheet as at 31 May 2016

	2016	2015
	£	£
Current assets
Debtors	-	49
Cash at bank and in hand	725	373
	725	422
Creditors: amounts falling due within one year	(19,289)	(17,037)
Net current assets (liabilities)	(18,564)	(16,615)
Total assets less current liabilities	(18,564)	(16,615)
Creditors: amounts falling due after more than one year	(14,364)	(13,945)
Total net assets (liabilities)	(32,928)	(30,560)
Capital and reserves
Called up share capital	2	2
Profit and loss account	(32,930)	(30,562)
Shareholders' funds	(32,928)	(30,560)

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 22 February 2017

And signed on their behalf by:
Hilary Delamare, Director

CHOCTAILS LIMITED Registered Number 08059126

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have
been prepared under the historical cost convention and in accordance with the Financial Reporting
Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Office equipment - 33% straight line

Other accounting policies
Going concern
Despite net current liabilities of £18,564 (2015: £16,615) at the year end date, the directors are
confident that the company is a going concern. Included in current liabilities is an amount of £17,243 (2015: £15,336) owing to the directors which will not be repaid until the company is in a position to do so.