Company Registration No. 09162432 (England and Wales)
MIRACLE TEAS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2015
MIRACLE TEAS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
MIRACLE TEAS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
Notes
£
£
Fixed assets
Intangible assets
2
4,135
Current assets
Stocks
1,231
Debtors
5,753
Cash at bank and in hand
288
7,272
Creditors: amounts falling due within one year
(21,252)
Net current liabilities
(13,980)
Total assets less current liabilities
(9,845)
(9,845)
Capital and reserves
Called up share capital
3
1
Profit and loss account
(9,846)
Shareholders' funds
(9,845)
For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board and authorised for issue on 3 May 2016
Mr T H Gill
Director
Company Registration No. 09162432
MIRACLE TEAS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Intangible assets
£
Cost
At 5 August 2014
-
Additions
5,169
At 31 August 2015
5,169
Depreciation
At 5 August 2014
-
Charge for the year
1,034
At 31 August 2015
1,034
Net book value
At 31 August 2015
4,135
3
Share capital
2015
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1