Sweets 'N' Things Limited Company Accounts
Sweets 'N' Things Limited Company Accounts
COMPANY REGISTRATION NUMBER:
06806858
|
|
|
|
Financial Statements |
Year ended 28 February 2017
Contents |
Pages |
Officers and professional advisers |
1 |
Balance sheet |
2 to 3 |
Notes to the financial statements |
4 to 6 |
|
Officers and Professional Advisers |
The board of directors |
|
|
|
Registered office |
|
|
|
|
|
|
|
Accountants |
|
Chartered Accountants |
|
10 Oak Street |
|
Fakenham |
|
Norfolk |
|
NR21 9DY |
|
Bankers |
|
Market Place |
|
Fakenham |
|
Norfolk |
|
NR21 9BE |
|
|
Balance Sheet |
2017 |
2016 |
||
Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
|
|
|
Current assets
Stocks |
|
|
|
Cash at bank and in hand |
|
|
|
------- |
------- |
||
|
|
||
Creditors: amounts falling due within one year |
6 |
|
|
|
------- |
-------- |
|||
Net current liabilities |
|
|
||
------- |
------- |
|||
Total assets less current liabilities |
|
(
|
||
Creditors: amounts falling due after more than one year |
7 |
|
|
|
-------- |
-------- |
|||
Net liabilities |
(
|
(
|
||
-------- |
-------- |
|||
Capital and reserves
Called up share capital |
|
|
|
Profit and loss account |
(
|
(
|
|
-------- |
-------- |
||
Shareholders deficit |
(
|
(
|
|
-------- |
-------- |
||
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings (including profit and loss account) has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Balance Sheet (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
29 November 2017
, and are signed on behalf of the board by:
|
Director |
Company registration number:
06806858
|
Notes to the Financial Statements |
Year ended 28 February 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Oak Streeet, Fakenham, Norfolk, NR21 9DY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
At 28 February 2017, the companys net liabilities exceeded its net assets by £49,671 (2016: £56,985). The company owed its directors £47,808 (2016: £45,981) and it is on this continued support that the company relies to continue trading as a going concern. The accounts are therefore prepared on this basis.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 March 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Revenue recognition
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
- |
|
|
Motor Vehicles |
- |
|
|
Impairment of fixed assets
Stocks
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2016:
2
).
5.
Tangible assets
Fixtures and fittings |
Motor vehicles |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 March 2016 |
|
|
|
Additions |
|
|
|
Disposals |
– |
(
|
(
|
------- |
------- |
-------- |
|
At 28 February 2017 |
|
|
|
------- |
------- |
-------- |
|
Depreciation |
|||
At 1 March 2016 |
|
|
|
Charge for the year |
|
|
|
Disposals |
– |
(
|
(
|
------- |
------- |
-------- |
|
At 28 February 2017 |
|
|
|
------- |
------- |
-------- |
|
Carrying amount |
|||
At 28 February 2017 |
|
|
|
------- |
------- |
-------- |
|
At 29 February 2016 |
|
|
|
------- |
------- |
-------- |
|
6.
Creditors:
amounts falling due within one year
2017 |
2016 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Other creditors |
|
|
------- |
-------- |
|
|
|
|
------- |
-------- |
|
7.
Creditors:
amounts falling due after more than one year
2017 |
2016 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Other creditors |
|
|
-------- |
-------- |
|
|
|
|
-------- |
-------- |
|
8.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 March 2015.
No transitional adjustments were required in equity or profit or loss for the year.