Clapham Books Limited - Limited company accounts 16.1

REGISTERED NUMBER: 05811749 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2016

FOR

CLAPHAM BOOKS LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

Ms N S Kastner

E M Mcgarry

SECRETARY:

Ms N S Kastner

REGISTERED OFFICE:

37 Chart Place

Wigmore

Gillingham

Kent

ME8 0LW

REGISTERED NUMBER:

05811749 (England and Wales)

ACCOUNTANTS:

J Parish & Co

295 High Street

Rainham

Gillingham

Kent

ME8 8DS

The directors present their report with the financial statements of the company for the year ended 31 May 2016.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of retail booksellers

DIRECTORS

The directors shown below have held office during the whole of the period from 1 June 2015 to the date of this report.

Ms N S Kastner

E M Mcgarry

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Ms N S Kastner - Director

21 February 2017

TURNOVER

207,278

226,280

Cost of sales

129,316

145,435

GROSS PROFIT

77,962

80,845

Administrative expenses

83,098

89,478

OPERATING LOSS and

LOSS ON ORDINARY ACTIVITIES BEFORE
TAXATION

2

(5,136

)

(8,633

)

Tax on loss on ordinary activities

3

-

LOSS FOR THE FINANCIAL YEAR

(5,136

)

(8,633

)

FIXED ASSETS

Tangible assets

4

157

210

CURRENT ASSETS

Stocks

18,250

38,000

Debtors

5

-

110

18,250

38,110

CREDITORS

Amounts falling due within one year

6

34,473

49,250

NET CURRENT LIABILITIES

(16,223

)

(11,140

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,066

)

(10,930

)

CAPITAL AND RESERVES

Called up share capital

7

3

Profit and loss account

8

(16,069

)

(10,933

)

SHAREHOLDERS' FUNDS

(16,066

)

(10,930

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the Board of Directors on 21 February 2017 and were signed on its behalf by:

Ms N S Kastner - Director

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.	OPERATING LOSS

The operating loss is stated after charging:

31.5.16

31.5.15

£

Depreciation - owned assets

53

-

Directors' remuneration and other benefits etc

44,240

34,317

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 May 2016 nor for the year ended

31 May 2015.

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2015

and 31 May 2016

4,733

DEPRECIATION

At 1 June 2015

4,523

Charge for year

53

At 31 May 2016

4,576

NET BOOK VALUE

At 31 May 2016

157

At 31 May 2015

210

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.16

31.5.15

£

Trade debtors

-

110

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.16

31.5.15

£

Bank loans and overdrafts

7,946

13,730

Trade creditors

9,738

21,460

Taxation and social security

354

-

Other creditors

16,435

14,060

34,473

49,250

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

3

ordinary

1

3

8.

RESERVES

Profit

and loss

account

£

At 1 June 2015

(10,933

)

Deficit for the year

(5,136

)

At 31 May 2016

(16,069

)