The Traditional Sweet Company Limited - Accounts to registrar (filleted) - small 18.2

The Traditional Sweet Company Limited - Accounts to registrar (filleted) - small 18.2

THE TRADITIONAL SWEET COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 03687827 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 31 DECEMBER 2016 TO 31 DECEMBER 2017

FOR

THE TRADITIONAL SWEET COMPANY LIMITED
THE TRADITIONAL SWEET COMPANY LIMITED (REGISTERED NUMBER: 03687827)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2016 TO 31 DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE TRADITIONAL SWEET COMPANY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31 DECEMBER 2016 TO 31 DECEMBER 2017







DIRECTOR: R J Draper





REGISTERED OFFICE: Johnstone House
2a Gordon Road
West Bridgford
Nottingham
NG2 5LN





REGISTERED NUMBER: 03687827 (England and Wales)





ACCOUNTANTS: NG Accounting & Tax Limited
Johnstone House
2a Gordon Road
West Bridgford
Nottingham
NG2 5LN
Page 1
THE TRADITIONAL SWEET COMPANY LIMITED (REGISTERED NUMBER: 03687827)

BALANCE SHEET
31 DECEMBER 2017

2017 2016
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,084 1,471

CURRENT ASSETS
Stocks 12,100 11,912
Debtors 5 82,801 204,948
Cash at bank 8,732 11,584
103,633 228,444
CREDITORS
Amounts falling due within one year 6 (85,044 ) (210,186 )
NET CURRENT ASSETS 18,589 18,258
TOTAL ASSETS LESS CURRENT LIABILITIES 22,673 19,729

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,573 19,629
22,673 19,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director on 28 September 2018 and were signed by:





R J Draper - Director


The notes form part of these financial statements

Page 2
THE TRADITIONAL SWEET COMPANY LIMITED (REGISTERED NUMBER: 03687827)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31 DECEMBER 2016 TO 31 DECEMBER 2017

1. STATUTORY INFORMATION

The Traditional Sweet Company Limited is a private company, limited by shares , registered in England and
Wales. 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 is measured at the fair value of the consideration received or receivable, excluding discounts,
rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 Profit and loss account,
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 6 (2016 - 5 ) .

Page 3 continued...
THE TRADITIONAL SWEET COMPANY LIMITED (REGISTERED NUMBER: 03687827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31 DECEMBER 2016 TO 31 DECEMBER 2017

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 31 December 2016 38,938 15,968 54,906
Additions 3,974 - 3,974
At 31 December 2017 42,912 15,968 58,880
DEPRECIATION
At 31 December 2016 38,492 14,943 53,435
Charge for period 1,105 256 1,361
At 31 December 2017 39,597 15,199 54,796
NET BOOK VALUE
At 31 December 2017 3,315 769 4,084
At 30 December 2016 446 1,025 1,471

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 82,801 164,375
Other debtors - 40,573
82,801 204,948

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 3,070 9,211
Trade creditors 41,457 131,497
Taxation and social security 28,382 69,478
Other creditors 12,135 -
85,044 210,186

7. RELATED PARTY DISCLOSURES

As at 31 December 2017 the company owed R Draper £5,950. As at 31 December 2016 R Draper owed the
company £40,573.

8. ULTIMATE CONTROLLING PARTY

The controlling party is R J Draper.

Page 4