Distaff Lane Coffee Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08551069 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

DISTAFF LANE COFFEE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr A M Holt

Mr S Priestley

REGISTERED OFFICE:

St Nicholas Cole Abbey

114 Queen Victoria Street

London

EC4V 4BJ

REGISTERED NUMBER:

08551069 (England and Wales)

ACCOUNTANTS:

Raffingers Stuart

Chartered Certified Accountants

19-20 Bourne Court

Southend Road

Woodford Green

Essex

IG8 8HD

FIXED ASSETS

Tangible assets

2

33,646

47,176

CURRENT ASSETS

Stocks

4,098

450

Debtors

30,580

-

Cash at bank and in hand

4,392

15,165

39,070

15,615

CREDITORS

Amounts falling due within one year

140,542

102,397

NET CURRENT LIABILITIES

(101,472

)

(86,782

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(67,826

)

(39,606

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(67,828

)

(39,608

)

SHAREHOLDERS' FUNDS

(67,826

)

(39,606

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 February 2016 and were signed on its behalf by:

Mr A M Holt - Director

Mr S Priestley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on the going concern basis as the directors are of the opinion that the company

will meet its liabilities as and when due, due to the continued support of the directors.

Accounting convention

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

57,657

Additions

954

Disposals

(8,963

)

At 31 May 2015

49,648

DEPRECIATION

At 1 June 2014

10,481

Charge for year

5,521

At 31 May 2015

16,002

NET BOOK VALUE

At 31 May 2015

33,646

At 31 May 2014

47,176

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2