Chocolate London Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07732666 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

CHOCOLATE LONDON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Schwartz

REGISTERED OFFICE:

62 Stamford Hill

London

N16 6XS

REGISTERED NUMBER:

07732666 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Intangible assets

2

30,000

32,000

Tangible assets

3

2,486

447

32,486

32,447

CURRENT ASSETS

Stocks

9,944

9,600

Debtors

12,756

7,042

Cash at bank and in hand

3,568

3,978

26,268

20,620

CREDITORS

Amounts falling due within one year

59,388

53,088

NET CURRENT LIABILITIES

(33,120

)

(32,468

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(634

)

(21

)

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

(635

)

(22

)

SHAREHOLDERS' FUNDS

(634

)

(21

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23 May 2017 and were signed by:

S Schwartz - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

40,000

AMORTISATION

At 1 September 2015

8,000

Amortisation for year

2,000

At 31 August 2016

10,000

NET BOOK VALUE

At 31 August 2016

30,000

At 31 August 2015

32,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

525

Additions

2,554

At 31 August 2016

3,079

DEPRECIATION

At 1 September 2015

78

Charge for year

515

At 31 August 2016

593

NET BOOK VALUE

At 31 August 2016

2,486

At 31 August 2015

447

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

1

Ordinary

£1

1