Registered Number 06823999
SWEETS IN THE CITY LIMITED
Abbreviated Accounts
29 February 2016
Notes | 2016 | 2015 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|
||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
|
|
Total assets less current liabilities |
|
|
|
Provisions for liabilities |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 3 |
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery - 25% reducing balance
Other accounting policies
The directors have prepared the accounts on a going concern basis. They have supported the company and will continue to do so until their support is no longer required.
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
£ | |
---|---|
Cost | |
At 1 March 2015 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 29 February 2016 |
|
Depreciation | |
At 1 March 2015 |
|
Charge for the year |
|
On disposals |
( |
At 29 February 2016 |
|
Net book values | |
At 29 February 2016 | 6,172 |
At 28 February 2015 | 8,084 |