Cafe Connections Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04502423 (England and Wales)

CAFE CONNECTIONS LIMITED

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

Page

Abbreviated Balance Sheet

1

to

2

Notes to the Abbreviated Accounts

3

to

4

FIXED ASSETS

Tangible assets

2

7,570

11,324

CURRENT ASSETS

Stocks

434,789

428,697

Debtors

1,096,833

1,070,103

Cash at bank and in hand

38,731

10,655

1,570,353

1,509,455

CREDITORS

Amounts falling due within one year

3

1,373,931

1,313,890

NET CURRENT ASSETS

196,422

195,565

TOTAL ASSETS LESS CURRENT
LIABILITIES

203,992

206,889

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

203,892

206,789

SHAREHOLDERS' FUNDS

203,992

206,889

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 21 June 2016 and were signed on its behalf
by:

W Ball - Director

S J Cargill - Director

1.	ACCOUNTING POLICIES

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 January 2015).

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.

Short leasehold

-

Straight line over 9 years

Plant and machinery

-

25% on reducing balance

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

89,214

DEPRECIATION

At 1 January 2015

77,890

Charge for year

3,754

At 31 December 2015

81,644

NET BOOK VALUE

At 31 December 2015

7,570

At 31 December 2014

11,324

3.

CREDITORS

Creditors include an amount of £ 491,303 (2014 - £ 393,576 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2015 and

31 December 2014:

2015

2014

£

S J Cargill

Balance outstanding at start of year

25,297

-

Amounts advanced

-

25,297

Amounts repaid

(25,297

)

-

Balance outstanding at end of year

-

25,297

W Ball

Balance outstanding at start of year

58,850

55,220

Amounts advanced

52,835

58,850

Amounts repaid

(58,850

)

(55,220

)

Balance outstanding at end of year

52,835

58,850