BHAVNA SWEET MART LTD - Abbreviated accounts 16.3

REGISTERED NUMBER: 08519294 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

BHAVNA SWEET MART LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K D Patel

REGISTERED OFFICE:

Alpha House

646c Kingsbury Road

Kingsbury

London

NW9 9HN

REGISTERED NUMBER:

08519294 (England and Wales)

ACCOUNTANTS:

Frasers Young Limited

Chartered Certified Accountants

Alpha House

646c Kingsbury Road

Kingsbury

London

NW9 9HN

FIXED ASSETS

Intangible assets

2

31,500

Tangible assets

3

2,674

2,453

34,174

33,953

CURRENT ASSETS

Stocks

1,575

1,323

Cash at bank and in hand

3,213

3,205

4,788

4,528

CREDITORS

Amounts falling due within one year

(38,181

)

(35,957

)

NET CURRENT LIABILITIES

(33,393

)

(31,429

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

781

2,524

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

681

2,424

SHAREHOLDERS' FUNDS

781

2,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 7 December 2016 and were signed by:

K D Patel - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly

over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

20% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

35,000

AMORTISATION

At 1 May 2015

and 30 April 2016

3,500

NET BOOK VALUE

At 30 April 2016

31,500

At 30 April 2015

31,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

3,750

Additions

874

At 30 April 2016

4,624

DEPRECIATION

At 1 May 2015

1,297

Charge for year

653

At 30 April 2016

1,950

NET BOOK VALUE

At 30 April 2016

2,674

At 30 April 2015

2,453

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

£1

100

5.	ULTIMATE CONTROLLING PARTY

The controlling party is the Director.