I Am Cocoa Ltd
I Am Cocoa Ltd
Registered number: 08810584
Unaudited Financial Statements
For The Year Ended 31 December 2016
Apple Accountancy Services Ltd
ACCA
59 Thornbury Gardens
BorehamWood
Hertfdordshire
WD6 1RB
I Am Cocoa Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2016
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Accountant's Report | 1 |
| Balance Sheet | 2—3 |
| Statement of Changes in Equity | 4 |
| Notes to the Financial Statements | 5—6 |
I Am Cocoa Ltd
Accountant's Report
For The Year Ended 31 December 2016
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of I Am Cocoa Ltd For The Year Ended 31 December 2016
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of I Am Cocoa Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of I Am Cocoa Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of I Am Cocoa Ltd and state those matters that we have agreed to state to the directors of I Am Cocoa Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than I Am Cocoa Ltd and its directors as a body for our work or for this report.
It is your duty to ensure that I Am Cocoa Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of I Am Cocoa Ltd . You consider that I Am Cocoa Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of I Am Cocoa Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
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ACCA
59 Thornbury Gardens
BorehamWood
Hertfdordshire
WD6 1RB
Page 1
I Am Cocoa Ltd
Balance Sheet
As at
31 December 2016
Balance Sheet
Registered number:
08810584
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2016 | 2015 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| NET ASSETS |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and loss account |
( |
( |
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| SHAREHOLDERS' FUNDS | (55,963) | (42,703) | |||
Page 2
I Am Cocoa Ltd
Balance Sheet (continued)
As at
31 December 2016
Directors' responsibilities:
-
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
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The notes on pages 5 to 6 form part of these financial statements.
Page 3
I Am Cocoa Ltd
Statement of Changes in Equity
For The Year Ended 31 December 2016
Statement of Changes in Equity
| Share Capital | Profit & Loss Account | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 January 2015 |
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( |
(15,077) |
| Loss for the year and total comprehensive income | - |
( |
(27,626) |
| As at 31 December 2015 and 1 January 2016 |
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( |
(42,703) |
| Loss for the year and total comprehensive income | - |
( |
(13,260) |
| As at |
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( |
(55,963) |
Page 4
I Am Cocoa Ltd
Notes to the Unaudited Accounts
For The Year Ended 31 December 2016
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover represents sales and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
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| Computer Equipment |
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1.4.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3.
Tangible Assets
| Plant & Machinery | |
|---|---|
| £ | |
| Cost | |
| As at |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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Page 5
I Am Cocoa Ltd
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 December 2016
4.
Creditors: Amounts Falling Due Within One Year
| 2016 | 2015 | ||
|---|---|---|---|
| £ | £ | ||
| Accruals and deferred income |
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| Directors' loan accounts |
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6.
General Information
I Am Cocoa Ltd Registered number 08810584 is a limited by shares company incorporated in England & Wales. The Registered Office is 59 Thornbury Gardens, Borehamwood, Hertfordshire, WD6 1RB.
Page 6