Tickle Drinks Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11203394 (England and Wales)

Tickle Drinks Limited

Unaudited Financial Statements

for the Period

13 February 2018 to 28 February 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss T Southworth

Mr A M Woodley

REGISTERED OFFICE:

Unit B1 Kembrey Street

Elgin Industrial Estate

Swindon

Wiltshire

SN2 8UY

REGISTERED NUMBER:

11203394 (England and Wales)

ACCOUNTANTS:

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

FIXED ASSETS

Intangible assets

4

484

Tangible assets

5

4,517

5,001

CURRENT ASSETS

Stocks

6

6,246

Debtors

7

1,341

Cash at bank

3,355

10,942

CREDITORS

Amounts falling due within one year

8

(10,465

)

NET CURRENT ASSETS

477

TOTAL ASSETS LESS CURRENT LIABILITIES

5,478

CAPITAL AND RESERVES

Called up share capital

9

10

Retained earnings

5,468

SHAREHOLDERS' FUNDS

5,478

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 6 November 2019 and were signed on its behalf by:

Mr A M Woodley - Director

Miss T Southworth - Director

1.	STATUTORY INFORMATION

Tickle Drinks Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of 10 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

Additions

538

At 28 February 2019

538

AMORTISATION

Amortisation for period

54

At 28 February 2019

54

NET BOOK VALUE

At 28 February 2019

484

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

Additions

5,646

At 28 February 2019

5,646

DEPRECIATION

Charge for period

1,129

At 28 February 2019

1,129

NET BOOK VALUE

At 28 February 2019

4,517

6.

STOCKS

£

Stocks

6,246

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

1,341

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Taxation and social security

223

Other creditors

10,242

10,465

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10

Ordinary

£1

10