Ceremium Limited - Period Ending 2016-05-31

Registration number: 08053750

Ceremium Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

James Fraser & Co
Chartered Accountants
3 Coates Place
Edinburgh
EH3 7AA

Ceremium Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Ceremium Limited
(Registration number: 08053750)
Abbreviated Balance Sheet at 31 May 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					2,113			2,999
Current assets
Cash at bank and in hand					57,459			87,188
Creditors: Amounts falling due within one year					(49,878)			(38,858)
Net current assets					7,581			48,330
Net assets					9,694			51,329
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					9,692			51,327
Shareholders' funds					9,694			51,329

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 27 February 2017 and signed on its behalf by:

.........................................
Mr M Thomsit
Director

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

Ceremium Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

1	Accounting policies

Basis of preparation

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

Turnover represents amounts chargeable, net of value added tax, 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
Office equipment	20% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		4,417			4,417
At 31 May 2016		4,417			4,417
Depreciation
At 1 June 2015		1,418			1,418
Charge for the year		886			886
At 31 May 2016		2,304			2,304
Net book value
At 31 May 2016		2,113			2,113
At 31 May 2015		2,999			2,999

Page 2

Ceremium Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

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

Page 3