Company Registration No. 06526840 (England and Wales)
AU'SOME UK LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
AU'SOME UK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AU'SOME UK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
23,756
Current assets
Stocks
-
194,865
Debtors
-
165,565
Cash at bank and in hand
8,076
35,523
8,076
395,953
Creditors: amounts falling due within one year
(7,672)
(59,749)
Net current assets
404
336,204
Total assets less current liabilities
404
359,960
Creditors: amounts falling due after more than one year
(1,209,613)
(1,399,247)
(1,209,209)
(1,039,287)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(1,209,210)
(1,039,288)
Shareholders' funds
(1,209,209)
(1,039,287)
For the financial year ended 31 December 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 for issue on 13 September 2016
P N Chan
Director
Company Registration No. 06526840
AU'SOME UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
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).
As disclosed on the Balance Sheet, there is a deficiency in Shareholders Funds at the year-end.
The Company ceased trading at the 31st December 2015.
The Balance Sheet has been valued on a separable net assets basis.
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
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:
Office equipment
Straight line over 3 years
Fixtures, fittings & equipment
Straight line over 10 years
Motor vehicles
Straight line over 4 years
1.5
Leasing and hire purchase commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Stock
Work in progress is valued at the lower of cost and net realisable value. Costs are determined using FIFO according to the Group accounting policy.
1.7
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.
AU'SOME UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
41,907
Additions
211
Disposals
(42,118)
At 31 December 2015
-
Depreciation
At 1 January 2015
18,151
On disposals
(18,151)
At 31 December 2015
-
Net book value
At 31 December 2015
-
At 31 December 2014
23,756
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 Ordinary Shares of £1 each
1
1
4
Ultimate parent company
Throughout the period, the immediate and ultimate parent company of Au'some UK Limited has been Candy Novelty Works (Holdings) Limited, a company incorporated in the British Virgin Islands.