Smokey Tails Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08575080 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 June 2016

for

Smokey Tails Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S A Troxler

M J Vilder

J Ahearne

REGISTERED OFFICE:

4th Floor,

International House,

Queens Road

Brighton

East Sussex

BN1 3XE

REGISTERED NUMBER:

08575080 (England and Wales)

ACCOUNTANT:

Will Taylor Limited

4th Floor

International House

Queens Road

Brighton

East Sussex

BN1 3XE

FIXED ASSETS

Tangible assets

2

24,590

7,042

CURRENT ASSETS

Debtors

19,126

6,023

Cash at bank and in hand

25,486

28,126

44,612

34,149

CREDITORS

Amounts falling due within one year

309,117

201,383

NET CURRENT LIABILITIES

(264,505

)

(167,234

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(239,915

)

(160,192

)

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

(239,919

)

(160,196

)

SHAREHOLDERS' FUNDS

(239,915

)

(160,192

)

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 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 31 March 2017 and were signed on its behalf by:

S A Troxler - 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.

Plant and machinery

-

25% reducing balance

Computer equipment

-

25% reducing balance

Taxation

Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been

enacted or substantively enacted by 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

11,976

Additions

25,744

At 30 June 2016

37,720

DEPRECIATION

At 1 July 2015

4,934

Charge for year

8,196

At 30 June 2016

13,130

NET BOOK VALUE

At 30 June 2016

24,590

At 30 June 2015

7,042

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

4

Ordinary

£1

4

4