Company Registration No. 09619569 (England and Wales)
& BLANC LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2016
& BLANC LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
& BLANC LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
4,640
Current assets
Stocks
16,921
Debtors
2,227
Cash at bank and in hand
4,763
23,911
Creditors: amounts falling due within one year
(33,237)
Net current liabilities
(9,326)
Total assets less current liabilities
(4,686)
Capital and reserves
Called up share capital
3
1
Profit and loss account
(4,687)
Shareholder's funds
(4,686)
For the financial period ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their 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 for issue on 28 February 2017
Miss P Chen
Director
Company Registration No. 09619569
The notes on pages 2 - 3 form part of these financial statements.
& BLANC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Going concern
The financial statements have been prepared on a going concern basis despite the company having net liabilities of £4,686 as the directors have indicated their willingness to support the company over the next twelve months.
1.2
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.3
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).
1.4
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% on cost
Fixtures, fittings & equipment
20% on cost
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
These financial statements cover the period from 2 June 2015 to 30 June 2016.
& BLANC LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 2 June 2015
-
Additions
5,889
At 30 June 2016
5,889
Depreciation
At 2 June 2015
-
Charge for the period
1,249
At 30 June 2016
1,249
Net book value
At 30 June 2016
4,640
3
Share capital
2016
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
On incorporation the company issued 1 Ordinary share of £1 at par value.