Sunnys Olive Tree Limited xbrl

Sunnys Olive Tree Limited xbrl

SUNNY'S OLIVE TREE LIMITED - Company Information

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Sunnys Olive Tree Limited
 
 
Company Registration Number
05847480
 
 
Report of the Directors and
Abbreviated Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/04/2014
 
End date 31/03/2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
Sunnys Olive Tree Limited
 
Contents of the Financial Statements
for the Period Ended 31 March 2015
 
 
Page
Company Information 3
 
Report of the Accountants 4
 
Balance Sheet 5 - 6
 
Notes to the Financial Statements 7 - 10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
Sunnys Olive Tree Limited
 
Company Information
for the Period Ended 31 March 2015
 
Directors Serpil Erce
 
Registered office C/O Gench & Company
3 Jarvis Close
Barking, Essex
IG11 7PZ
 
Company Registration Number 05847480
 
Accountants Name Gench & Company
Address 3 Jarvis Close
Barking
Essex
IG11 7PZ
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
Sunnys Olive Tree Limited
 
Accountants' Report
for the Period Ended 31 March 2015
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 March 2015. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 March 2015 as set out on pages 3 to 10 which comprise of the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
acounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.
 
 
 
 
 
 
 
Gench & Company
3 Jarvis Close
Barking
Essex
IG11 7PZ
 
Date 2015-07-24
Page 4
Sunnys Olive Tree Limited
Balance Sheet
for the Period Ended 31 March 2015
Company registration number 05847480
2015 2014
Notes £ £
Fixed assets
Tangible fixed assets 2 7,363 9,204
_______ _______
Total fixed assets 7,363 9,204
Current assets
Stocks 3 45,617 49,332
Debtors 4 266 389
Cash at bank and in hand 11,097 3,961
_______ _______
Total current assets 56,980 53,682
Creditors
Creditors - amounts falling
due within one year 5 30,441 30,531
_______ _______
Net current assets 26,539 23,151
_______ _______
Total assets less current liabilities 33,902 32,355
_______ _______
Net assets 33,902 32,355
Capital and reserves
Called up share capital 6 100 100
Profit and loss account 7 33,802 32,255
_________ _________
Total shareholders funds 33,902 32,355
 
 
 
 
 
 
 
 
 
 
 
 
Page 5
Sunnys Olive Tree Limited
 
Balance Sheet
for the Period Ended 31 March 2015
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
 
For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2015-07-24
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Serpil Erce
Status Director
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
Page 6
Sunnys Olive Tree Limited
Notes to the Financial Statements
for the Period Ended 31 March 2015
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings 0
Motor vehicles 0
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 7
Sunnys Olive Tree Limited
Notes to the Financial Statements
for the Period Ended 31 March 2015
2. Tangible fixed assets
Fixtures Motor Total
and fittings vehicles
Cost £ £ £
At 1 April 2014 15,945 6,880 22,825
_____ ____ _____
At 31 March 2015 15,945 6,880 22,825
Depreciation
At 1 April 2014 10,265 3,356 13,621
Charge for year 1,136 705 1,841
_____ ____ _____
At 31 March 2015 11,401 4,061 15,462
Net book value
At 31 March 2015 4,544 2,819 7,363
At 31 March 2014 5,680 3,524 9,204
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
Sunnys Olive Tree Limited
Notes to the Financial Statements
for the Period Ended 31 March 2015
3. Stocks 2015 2014
Raw materials 45,617 49,332
Total 45,617 49,332
4. Debtors 2015 2014
Prepayments and accrued income 266 389
___ ___
Total 266 389
5. Creditors amounts falling due within one year 2015 2014
Trade creditors 11,800
Corporation tax 5,526 5,165
Other taxation and social security 95 104
Accruals and deferred income 1,840 2,540
Other creditors 22,980 10,922
_____ _____
Total 30,441 30,531
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
Sunnys Olive Tree Limited
Notes to the Financial Statements
for the Period Ended 31 March 2015
6. Share capital 2015 2014
Authorised type Par value £ £
Ordinary shares 1 1,000 1,000
____ ____
Total 1,000 1,000
Allotted, called up and paid
Ordinary shares 100 100
___ ___
Total 100 100
7. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 April 2014 32,255
Profit/(Loss) for year 21,547
Dividends paid 20,000
_____
Retained profit at 31 March 2015 33,802
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10