All You Read Is Love Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08780864 (England and Wales)

ALL YOU READ IS LOVE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms K Bundgaard

Mr A Bundgaard

REGISTERED OFFICE:

53 Lyttelton Road

London

E10 5NQ

REGISTERED NUMBER:

08780864 (England and Wales)

ACCOUNTANTS:

Kounnis And Partners Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

CURRENT ASSETS

Stocks

2

1,750

8,000

Cash at bank and in hand

34,519

27,015

36,269

35,015

CREDITORS

Amounts falling due within one year

3

29,984

34,910

NET CURRENT ASSETS

6,285

105

TOTAL ASSETS LESS CURRENT LIABILITIES

6,285

105

CAPITAL AND RESERVES

Called up share capital

4

2

2

Retained earnings

5

6,283

103

SHAREHOLDERS' FUNDS

6,285

105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 August 2017 and were signed on its behalf by:

Ms K Bundgaard - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represent net sales of goods, excluding value added tax. The turnover is recognised on the payment of

the goods.

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

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred tax is recognised in respect

of all timing differences that have originated but not reversed at the balance sheet date.

However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely

than not that there will be suitable taxable profits from which the future reversal of the underlying timing

differences can be deducted. Deferred tax is not recognised on revaluation gains. Deferred taxation is measured

on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences

reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2.

STOCKS

2016

2015

£

£

Stocks

1,750

8,000

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Corporation tax

4,258

5,377

Social security and other taxes

1,312

1,131

Directors' current accounts

22,614

26,602

Accrued expenses

1,800

1,800

29,984

34,910

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

5.

RESERVES

Retained

earnings

£

At 1 December 2015

103

Profit for the year

16,180

Dividends

(10,000

)

At 30 November 2016

6,283

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the directors .

7.	ULTIMATE CONTROLLING PARTY

There is no overall control of the company by any one person.