Registered Number 03210339

SHERBET LIMITED

Abbreviated Accounts

30 June 2014

SHERBET LIMITED Registered Number 03210339

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 12,147 16,980
12,147 16,980
Current assets
Debtors 9,402 29,910
Cash at bank and in hand 46,295 35,166
55,697 65,076
Creditors: amounts falling due within one year (212,855) (192,025)
Net current assets (liabilities) (157,158) (126,949)
Total assets less current liabilities (145,011) (109,969)
Total net assets (liabilities) (145,011) (109,969)
Capital and reserves
Called up share capital 3 2 2
Profit and loss account (145,013) (109,971)
Shareholders' funds (145,011) (109,969)
  • For the year ending 30 June 2014 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 May 2015

And signed on their behalf by:
J C Bairstow, Director

SHERBET LIMITED Registered Number 03210339

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the invoiced amount of goods sold and services provided during the year stated net of value added tax and is continuing.

Tangible assets depreciation policy
Depreciation is provided on all fixed assets to write off the cost of each asset evenly over its expected useful life using the following rates:

Furniture and fittings - 20%
Computer equipment - 20%

Other accounting policies
Deferred Taxation:
Deferred taxation is provided at the current rates of taxation on differences arising from the inclusion of income and expenditure in taxation computations in periods different to those in which they are included in the financial statements, except where the difference is expected to continue for the foreseeable future.

Foreign Currencies:
Transactions denominated in foreign currencies are recorded in sterling at the date of the transaction. Exchange differences arising in the ordinary course of business are dealt with in the profit and loss account.

Controlling Party:
The director is the company's ultimate controlling party.

2Tangible fixed assets
£
Cost
At 1 July 2013 334,980
Additions 4,952
Disposals -
Revaluations -
Transfers -
At 30 June 2014 339,932
Depreciation
At 1 July 2013 318,000
Charge for the year 9,785
On disposals -
At 30 June 2014 327,785
Net book values
At 30 June 2014 12,147
At 30 June 2013 16,980
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
2 Ordinary shares of £1 each 2 2

Authorized : 10,000 ordinary shares of £1 each.