| Lilac Marshmallow Limited |
| Registered number: |
06422283 |
| Balance Sheet |
| as at 30 November 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Current assets |
| Debtors |
2 |
|
2,823 |
|
|
- |
| Cash at bank and in hand |
|
|
1,505 |
|
|
1,327 |
|
|
|
4,328 |
|
|
1,327 |
|
| Creditors: amounts falling due within one year |
3 |
|
(10,103) |
|
|
(9,392) |
|
| Net current liabilities |
|
|
|
(5,775) |
|
|
(8,065) |
|
| Net liabilities |
|
|
|
(5,775) |
|
|
(8,065) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
101 |
|
|
101 |
| Profit and loss account |
|
|
|
(5,876) |
|
|
(8,166) |
|
| Shareholders' funds |
|
|
|
(5,775) |
|
|
(8,065) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Claire Moorthy |
| Director |
| Approved by the board on 15 August 2017 |
|
| Lilac Marshmallow Limited |
| Notes to the Accounts |
| for the year ended 30 November 2016 |
|
|
| 1 |
Accounting policies |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
| 2 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
|
Other debtors |
2,823 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Corporation tax |
8,723 |
|
7,110 |
|
Other creditors |
1,380 |
|
2,282 |
|
|
|
|
|
|
10,103 |
|
9,392 |
|
|
|
|
|
|
|
|
|
| 5 |
Transaction with director |
|
The following directors had interest free loans during the year. |
|
The movements on these loans are as follows: |
|
Claire Moorthy |
2,823 |
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
Lilac Marshmallow Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
5 Braemore Court |
|
Cockfosters Road |
|
Cockfosters |
|
Barnet |
|
EN4 0AE |
