Coco Gelato Holdings Ltd - Filleted accounts

COCO GELATO HOLDINGS LTD - Company Information

Coco Gelato Holdings Ltd
Registered number:		09170280
Balance Sheet
as at 31 August 2017

Notes			2017			2016
£				£
Fixed assets
Tangible assets	2		168,158			192,180

Current assets
Debtors	3	25,139			36,349
Cash at bank and in hand		3,363			2,077
		28,502			38,426

Creditors: amounts falling due within one year	4	(259,350)			(271,300)

Net current liabilities			(230,848)			(232,874)

Net liabilities			(62,690)			(40,694)

Capital and reserves
Called up share capital			100			100
Profit and loss account			(62,790)			(40,794)

Shareholders' funds			(62,690)			(40,694)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.




T P Sall
Director
Approved by the board on 23 May 2018

Coco Gelato Holdings Ltd
Notes to the Accounts
for the year ended 31 August 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).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years

	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.

2	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	Additions				219,634
	At 31 August 2017				219,634

	Depreciation
	At 1 September 2016				27,454
	Charge for the year				24,022
	At 31 August 2017				51,476

	Net book value
	At 31 August 2017				168,158
	At 31 August 2016				-


3	Debtors		2017		2016
£				£

	Other debtors		25,139		36,349


4	Creditors: amounts falling due within one year		2017		2016
£				£

	Other creditors		259,350		271,300


5	Other information

	Coco Gelato Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Harlequin House
	Coed Cae Lane
	Pontyclun
	CF72 9EW

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