All You Read Is Love Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08780864

ALL YOU READ IS LOVE LTD

UNAUDITED CESSATION FINANCIAL STATEMEN

TS

FOR THE PERIOD

1 DECEMBER 2016 TO 31 MAY 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms K Bundgaard

Mr A Bundgaard

REGISTERED OFFICE:

53 Lyttelton Road

Leyton

London

E10 5NQ

REGISTERED NUMBER:

08780864

ACCOUNTANTS:

Kounnis And Partners Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

CURRENT ASSETS

Stocks

4

-

1,750

Cash at bank and in hand

21,243

34,519

21,243

36,269

CREDITORS

Amounts falling due within one year

5

20,935

29,984

NET CURRENT ASSETS

308

6,285

TOTAL ASSETS LESS CURRENT LIABILITIES

308

6,285

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

7

306

6,283

SHAREHOLDERS' FUNDS

308

6,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 June 2018 and were signed on its behalf by:

Mr A Bundgaard - Director

1.	STATUTORY INFORMATION

All You Read Is Love Ltd is a private company, limited by shares , registered in Not specified/Other. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represent net sales of goods, excluding value added tax. The turnover is recognised on the payment of

the goods.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 .

4.

STOCKS

2018

2016

£

£

Stocks

-

1,750

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2016

£

£

Corporation tax

481

4,258

Social security and other taxes

(490

)

1,312

Directors' current accounts

18,724

22,614

Accrued expenses

2,220

1,800

20,935

29,984

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2016

value:

£

£

2

Ordinary

£1

2

2

7.

RESERVES

Retained

earnings

£

At 1 December 2016

6,283

Profit for the period

2,023

Dividends

(8,000

)

At 31 May 2018

306

8.	ULTIMATE CONTROLLING PARTY

There is no overall control of the company by any one person.