LUPONDE TEA LIMITED

LUPONDE TEA LIMITED

LUPONDE TEA LIMITED - Company Information

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LUPONDE TEA LIMITED

Company Registration Number:
06250587 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2017

Period of accounts

Start date: 01 June 2016

End date: 31 May 2017

LUPONDE TEA LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2017

Balance sheet
Notes

LUPONDE TEA LIMITED

Balance sheet

As at 31 May 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 3 2,136 3,098
Investments: 4 3,250 3,250
Total fixed assets: 5,386 6,348
Current assets
Stocks: 24,093 46,079
Cash at bank and in hand: 10,740 11,708
Total current assets: 34,833 57,787
Creditors: amounts falling due within one year: 5 (1,003,431) (1,004,575)
Net current assets (liabilities): (968,598) (946,788)
Total assets less current liabilities: (963,212) (940,440)
Total net assets (liabilities): (963,212) (940,440)
Capital and reserves
Called up share capital: 4,500 4,500
Share premium account: 445,500 445,500
Profit and loss account: (1,413,212) (1,390,440)
Shareholders funds: (963,212) (940,440)

The notes form part of these financial statements

LUPONDE TEA LIMITED

Balance sheet statements

For the year ending 31 May 2017 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 16 February 2018
and signed on behalf of the board by:

Name: Miss T lafferty
Status: Director

The notes form part of these financial statements

LUPONDE TEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents sales to outside customers at invoiced amounts less value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculater to write off the cost, less estimated residual value, of each asset over its expected useful life as follows:Fixtures and fittings - 20% per annumOffice equipment - 25% per annum

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Net realisable value is based upon estimated selling price.

Other accounting policies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

LUPONDE TEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

2. Employees

2017 2016
Average number of employees during the period 1 2

LUPONDE TEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017


3. Tangible Assets

Total
Cost £
At 01 June 2016 7,929
At 31 May 2017 7,929
Depreciation
At 01 June 2016 4,831
Charge for year 962
At 31 May 2017 5,793
Net book value
At 31 May 2017 2,136
At 31 May 2016 3,098

LUPONDE TEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

4. Fixed investments


Investments are stated at cost less provision for diminuition in value.

LUPONDE TEA LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

5. Creditors: amounts falling due within one year note

Value Added tax £1,836 ( 2016- £214)Accrued expenses £5,971 (2016- £8,737)