Company Registration No. 07186124 (England and Wales)
Heavenly Sweets Ltd
Unaudited accounts
for the year ended 31 March 2017
Heavenly Sweets Ltd
Unaudited accounts
Contents
Heavenly Sweets Ltd
Company Information
for the year ended 31 March 2017
Directors
Jarred Craig Le Roux
Amy Elizabeth Le Roux
Ken Rice
Company Number
07186124 (England and Wales)
Registered Office
5 LEIGH GARDENS
ANDOVER
HAMPSHIRE
SP10 2AR
UNITED KINGDOM
Accountants
Cone Accounting Limited
111 The Moresby Tower, Admirals Quay
Ocean Way
Southampton
Hampshire
SO14 3LG
Heavenly Sweets Ltd
Statement of financial position
as at 31 March 2017
Tangible assets
29,358
2,581
Cash at bank and in hand
37,608
9,600
Creditors: amounts falling due within one year
(70,823)
(32,588)
Net current assets
60,146
9,166
Total assets less current liabilities
89,504
11,747
Creditors: amounts falling due after more than one year
(8,424)
(4,455)
Called up share capital
100
100
Profit and loss account
80,980
7,192
Shareholders' funds
81,080
7,292
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 7 December 2017.
Jarred Craig Le Roux
Director
Company Registration No. 07186124
Heavenly Sweets Ltd
Notes to the Accounts
for the year ended 31 March 2017
Heavenly Sweets Ltd is a private company, limited by shares, registered in England and Wales, registration number 07186124. The registered office is 5 LEIGH GARDENS, ANDOVER, HAMPSHIRE, SP10 2AR, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended
31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
13 below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight Line
Plant & machinery
20% Straight Line
Fixtures & fittings
25% Straight Line
Heavenly Sweets Ltd
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2016
-
5,961
1,021
6,982
Additions
21,734
6,781
741
29,256
At 31 March 2017
21,734
12,742
1,762
36,238
At 1 April 2016
-
3,885
516
4,401
Charge for the year
351
1,827
301
2,479
At 31 March 2017
351
5,712
817
6,880
At 31 March 2017
21,383
7,030
945
29,358
At 31 March 2016
-
2,076
505
2,581
Finished goods
77,461
19,506
Accrued income and prepayments
-
5,850
Other debtors
15,900
1,600
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
11,692
-
Trade creditors
9,071
5,654
Taxes and social security
28,058
18,588
Loans from directors
21,872
726
8
Creditors: amounts falling due after more than one year
2017
2016
Heavenly Sweets Ltd
Notes to the Accounts
for the year ended 31 March 2017
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
During the year the directors maintained a current account with the company. At the year end the balance owing by the company to the directors was £21,872 (2016 - £726)
During the year the company was under the joint control of Mrs A Le Roux and Mr J Le Roux by virtue of their equal shareholdings of 40% each. The remaining 20% is held by Mr K Rice.
12
Average number of employees
During the year the average number of employees was 9 (2016: 7).
13
Reconciliations on adoption of FRS 102
