Zap Sweets Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06972699 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST JULY 2016

FOR

ZAP SWEETS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M Appleton

Mr R Appleton

REGISTERED OFFICE:

9 Park Lane

Puckeridge

Hertfordshire

SG11 1RL

REGISTERED NUMBER:

06972699 (England and Wales)

ACCOUNTANTS:

Janelle Lankester

Chartered Accountants

The Foundry

9 Park Lane

Puckeridge

Ware

Hertfordshire

SG11 1RL

FIXED ASSETS

Tangible assets

2

833

1,303

CURRENT ASSETS

Stocks

650

650

Cash at bank

12,757

11,851

13,407

12,501

CREDITORS

Amounts falling due within one year

14,071

13,570

NET CURRENT LIABILITIES

(664

)

(1,069

)

TOTAL ASSETS LESS CURRENT LIABILITIES

169

234

PROVISIONS FOR LIABILITIES

167

261

NET ASSETS/(LIABILITIES)

2

(27

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

1

(28

)

SHAREHOLDERS' FUNDS

2

(27

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 21st April 2017 and were signed on its behalf by:

Mr M Appleton - 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.

Computer equipment

-

20% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st August 2015

and 31st July 2016

6,533

DEPRECIATION

At 1st August 2015

5,230

Charge for year

470

At 31st July 2016

5,700

NET BOOK VALUE

At 31st July 2016

833

At 31st July 2015

1,303

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

1

Ordinary

£1

1

1