Tapas Bag Ltd - Accounts

Tapas Bag Ltd - Accounts

TAPAS BAG LTD - Company Information

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Registered Number : 09084678
England and Wales

 

 

 

TAPAS BAG LTD


Abridged Accounts
 


Period of accounts

Start date: 01 July 2016

End date: 30 June 2017

Tapas Bag Ltd
Contents Page
For the year ended 30 June 2017
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Tapas Bag Ltd for the year ended 30 June 2017 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the member of Tapas Bag Ltd, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Tapas Bag Ltd and state those matters that we have agreed to state to the Board ofs of Tapas Bag Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tapas Bag Ltd and its members as a body for our work or for this report.

It is your duty to ensure that Tapas Bag Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and Loss of Tapas Bag Ltd. You consider that Tapas Bag Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Tapas Bag Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
SNP Plus Ltd
2 Sigma Business Centre
7 Havelock Place
Harrow, London
HA1 1LJ
29 March 2018
1
 
 		 Notes
 		 2017
£		   2016
£
Fixed assets      
Tangible fixed assets 2 80,740    79,698 
80,740    79,698 
Current assets      
Stocks 13,746    6,130 
Debtors 63,000    63,000 
Cash at bank and in hand 4,262    (4,329)
81,008    64,801 
Creditors: amount falling due within one year (242,716)   (153,779)
Net current assets (161,708)   (88,978)
 
Total assets less current liabilities (80,968)   (9,280)
Creditors: amount falling due after more than one year (150,000)   (150,000)
Net assets (230,968)   (159,280)
 

Capital and reserves 		     
Called up share capital 3 150    3 
Profit and loss account (231,118)   (159,283)
Shareholders funds (230,968)   (159,280)
 


For the year ended 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The members have agreed to the preparation of abridged accounts.
Signed on behalf of the board of directors


--------------------------------
Dharmesh Ramnik Vaghela
Director		--------------------------------
Shiba Hari Tiwari
Director

Date approved by the board: 29 March 2018
2
Statutory Information
Tapas Bag Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 09084678.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Straight Line
Fixtures and Fittings 25% Straight Line
Leasehold Property 15 Years Straight Line
Plant and Machinery 25% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost or Valuation Leasehold Property   Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 July 2016 42,134    31,750    21,162    7,038    102,084 
Additions -    350    901    122    1,373 
Disposals -    -    -    -    - 
At 30 June 2017 42,134    32,100    22,063    7,160    103,457 
Depreciation
At 01 July 2016 711    602    2,851    417    4,581 
Charge for year 2,809    8,025    5,512    1,790    18,136 
On disposals -    -    -    -    - 
At 30 June 2017 3,520    8,627    8,363    2,207    22,717 
Net book values
Closing balance as at 30 June 2017 38,614    23,473    13,700    4,953    80,740 
Opening balance as at 01 July 2016 38,614    23,211    13,011    4,862    79,698 


3.

Share Capital

Allotted
2017
£		   2016
£
150 Class A shares of £1.00 each 150    3 
150    3 
Issue of shares
During the year, the company issued 147 ordinary shares of £1 each.
3