| M'S Creamy Gelato Limited |
| Registered number: |
10023391 |
| Balance Sheet |
| as at 28 February 2017 |
|
| Notes |
|
|
2017 |
|
| £ |
|
| Current assets |
| Debtors |
2 |
|
88,713 |
|
| Creditors: amounts falling due within one year |
3 |
|
(107,263) |
|
| Net current liabilities |
|
|
|
(18,550) |
|
|
| Net liabilities |
|
|
|
(18,550) |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
| Profit and loss account |
|
|
|
(18,650) |
|
| Shareholder's funds |
|
|
|
(18,550) |
|
|
|
|
|
|
|
| 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 member has 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. |
|
|
|
|
| Vishal Kakar |
| Director |
| Approved by the board on 17 November 2017 |
|
| M'S Creamy Gelato Limited |
| Notes to the Accounts |
| for the period from 24 February 2016 to 28 February 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
| 2 |
Debtors |
2017 |
|
| £ |
|
|
|
Other debtors |
88,713 |
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2017 |
|
| £ |
|
|
|
Trade creditors |
5,044 |
|
Other creditors |
102,219 |
|
|
|
|
|
|
107,263 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Related party transactions |
|
|
During the period the company paid rent and insurance of £16,171 and £295 respectively to Maany London Limited a company incorporated in England and Wales in which the director Mr V Kakar is also a director. |
|
|
| 5 |
Controlling party |
|
|
The company is under the control of its director, Mr V Kakar by virtue of his shareholding in the issued share capital of the company. |
|
|
| 6 |
Other information |
|
|
M'S Creamy Gelato Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 7 Cranleigh Gardens Industrial Estate |
|
Cranleigh Gardens |
|
Southall |
|
Middlesex |
|
UB1 2BZ |
