| Sunnys Olive Tree Limited |
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| Accountants' Report |
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| for the Period Ended 31 March 2016 |
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| Independent accountants' report |
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| Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 March 2016. 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 2016 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 |
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| of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or |
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| assume responsibility to anyone other than the company and its Board of Directors as a body for our |
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| work or for this report. |
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| It is your duty to ensure the company has kept adequate accounting records and to prepare statutory |
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| accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of |
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| the company. You consider the company is exempt from the statutory audit requirement for the |
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| period. |
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| We have not been instructed to carry out an audit of the financial statements. For this reason, we |
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| have not verified the accuracy or completeness of the accounting records or information and |
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| explanations you have given to us and we do not, therefore, express any opinion on the financial |
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| statements. |
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| Gench & Company |
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| 3 Jarvis Close |
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| Barking |
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| Essex |
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| IG11 7PZ |
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| Date |
2016-10-28 |
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Page 4 |
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| Sunnys Olive Tree Limited |
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| Balance Sheet |
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| for the Period Ended 31 March 2016 |
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| 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). |
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| For the year ending 31 March 2016 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. |
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| The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
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| The financial statements were approved by the Board of Directors on |
2016-10-28 |
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| SIGNED ON BEHALF OF THE BOARD BY |
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| Name |
Serpil Erce |
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| Status |
Director |
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| The notes form part of these financial statements |
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Page 6 |
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| Sunnys Olive Tree Limited |
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| Notes to the Financial Statements |
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| for the Period Ended 31 March 2016 |
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| 1. Accounting policies |
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| Basis of preparation |
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| 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 |
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| 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 |
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| Motor vehicles |
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0 |
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| Stocks |
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| 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. |
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Page 7 |
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