Abbreviated Company Accounts - TALITHA COLLECTION LIMITED

TALITHA COLLECTION LIMITED - Company Information

08547541 TALITHA COLLECTION LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 08547541 2015-08-01 2016-07-31 08547541 2016-07-31 08547541 2015-07-31 08547541 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 08547541 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 08547541

TALITHA COLLECTION LIMITED

Abbreviated Accounts

31 July 2016

TALITHA COLLECTION LIMITED Registered Number 08547541

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	13,291	14,188
		13,291	14,188
Current assets
Stocks		29,871	19,130
Debtors		140,455	465,247
Cash at bank and in hand		-	48
		170,326	484,425
Prepayments and accrued income		238,756	19,872
Creditors: amounts falling due within one year		(379,666)	(510,659)
Net current assets (liabilities)		29,416	(6,362)
Total assets less current liabilities		42,707	7,826
Accruals and deferred income		(5,510)	(7,708)
Total net assets (liabilities)		37,197	118
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		37,195	116
Shareholders' funds		37,197	118

For the year ending 31 July 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 10 April 2017

And signed on their behalf by:
Mrs S. Randhawa, Director
Ms. K. Hersov, Director

TALITHA COLLECTION LIMITED Registered Number 08547541

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total value of sales excluding Value Added Tax during the year.

Tangible assets depreciation policy
Depreciation has been provided using the following rates and bases to reduce by annual
instalments the cost of the tangible Fixed Assets over their estimated useful lives:-
Furniture and Equipment - 20% of net book value

Valuation information and policy
Stock has been valued by the directors at the lower of cost and net realisable value.

Other accounting policies
No deferred taxation has been provided as it is unlikely that a liability or asset will crystallise
in the foreseeable future.

2Tangible fixed assets

	£
Cost
At 1 August 2015	17,793
Additions	2,426
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	20,219
Depreciation
At 1 August 2015	3,605
Charge for the year	3,323
On disposals	-
At 31 July 2016	6,928
Net book values
At 31 July 2016	13,291
At 31 July 2015	14,188

No tangible fixed assets are held under finance leases.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2