Mr Simms Olde Sweet Shoppe Online Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07735981 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2016

for

Mr Simms Olde Sweet Shoppe Online

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M L Peet

REGISTERED OFFICE:

29 Badgers Croft

Eccleshall

Staffordshire

ST21 6DS

REGISTERED NUMBER:

07735981 (England and Wales)

CURRENT ASSETS

Stocks

858

1,269

Cash at bank

192

663

1,050

1,932

CREDITORS

Amounts falling due within one year

3

17,350

16,935

NET CURRENT LIABILITIES

(16,300

)

(15,003

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,300

)

(15,003

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(16,400

)

(15,103

)

SHAREHOLDERS' FUNDS

(16,300

)

(15,003

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 25 September 2017 and were signed by:

M L Peet - Director

1.	STATUTORY INFORMATION

Mr Simms Olde Sweet Shoppe Online Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These financial statements for the year ended 31st December 2016 are the first financial statements that

comply with section 1A "Small Entities" of FRS 102. The date of transition is 1st January 2015. There are no

transition adjustments.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods supplied.

Stocks

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

slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal

of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that

they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

4,198

5,965

Other creditors

13,152

10,970

17,350

16,935

4.	RELATED PARTY DISCLOSURES

5.	ULTIMATE CONTROLLING PARTY