The Traditional Tea House Company Ltd - Period Ending 2016-10-31

Registration number: 04084526

The Traditional Tea House Company Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2016
 

The Traditional Tea House Company Ltd
(Registration number: 04084526)
Abbreviated Balance Sheet at 31 October 2016

		Note			2016 £			2015 £
Current assets
Stocks					899,771			848,353
Debtors					1,000			1,000
Cash at bank and in hand					9,621			-
					910,392			849,353
Creditors: Amounts falling due within one year					(327,194)			(121,363)
Total assets less current liabilities					583,198			727,990
Creditors: Amounts falling due after more than one year					-			(385,000)
Net assets					583,198			342,990
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					583,098			342,890
Shareholders' funds					583,198			342,990

The notes on pages 3 to 4 form an integral part of these financial statements.
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The Traditional Tea House Company Ltd
(Registration number: 04084526)
Abbreviated Balance Sheet at 31 October 2016
......... continued

For the year ending 31 October 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 29 June 2017 and signed on its behalf by:

 M R Hill
 Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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The Traditional Tea House Company Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 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	3 years straight line basis

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2015		3,893			3,893
At 31 October 2016		3,893			3,893
Depreciation
At 1 November 2015		3,893			3,893
At 31 October 2016		3,893			3,893
Net book value
At 31 October 2016		-			-
At 31 October 2015		-			-

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The Traditional Tea House Company Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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