Ciras UK Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04152952 (England and Wales)

Abbreviated Accounts for the Year Ended 31st March 2016

for

Ciras UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr C Lee-Sang

SECRETARY:

Mrs E M Lee-Sang

REGISTERED OFFICE:

Baltic House (Office)

4-5 Baltic Street East

London

EC1Y 0UJ

REGISTERED NUMBER:

04152952 (England and Wales)

ACCOUNTANTS:

City, Chartered Accountants

Suite 540, 5th Floor,

Linen Hall

162- 168 Regent Street

London

W1B 5TF

FIXED ASSETS

Tangible assets

2

3,963

3,716

CURRENT ASSETS

Stocks

22,645

Debtors

77,843

31,412

100,488

54,057

CREDITORS

Amounts falling due within one year

(78,811

)

(57,434

)

NET CURRENT ASSETS/(LIABILITIES)

21,677

(3,377

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,640

339

CAPITAL AND RESERVES

Called up share capital

3

200

Profit and loss account

25,440

139

SHAREHOLDERS' FUNDS

25,640

339

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30th December 2016 and were signed by:

Mr C Lee-Sang - 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.

Plant and machinery

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 1st April 2015

21,532

Additions

1,756

At 31st March 2016

23,288

DEPRECIATION

At 1st April 2015

17,816

Charge for year

1,509

At 31st March 2016

19,325

NET BOOK VALUE

At 31st March 2016

3,963

At 31st March 2015

3,716

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

200

Ordinary

£1

200