Baby Cuttlefish Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09720700 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 6 AUGUST 2015 TO 31 MARCH 2016

FOR

BABY CUTTLEFISH LIMITED

TRADING AS

CUTTLEFISH

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Miss Y Drage

A Brunelli

REGISTERED OFFICE:

162-164 High Street

Rayleigh

Essex

SS6 7BS

REGISTERED NUMBER:

09720700 (England and Wales)

ACCOUNTANTS:

ESW Chartered Accountants

162-164 High Street

Rayleigh

Essex

SS6 7BS

FIXED ASSETS

Intangible assets

2

57,525

Tangible assets

3

63,252

120,777

CURRENT ASSETS

Debtors

31,282

Cash at bank

4,410

35,692

CREDITORS

Amounts falling due within one year

(194,038

)

NET CURRENT LIABILITIES

(158,346

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,569

)

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(37,669

)

SHAREHOLDERS' FUNDS

(37,569

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2016 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 31 January 2017 and were signed on its behalf by:

A Brunelli - 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).

The company is reliant on the on going support of its directors, who have confirmed their support for at least the twelve

months following the date of approval of these financial statements.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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

-

5% on cost

Improvements to property

-

5% on cost

Fixtures and fittings

-

25% on cost

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

Additions

60,500

At 31 March 2016

60,500

AMORTISATION

Amortisation for period

2,975

At 31 March 2016

2,975

NET BOOK VALUE

At 31 March 2016

57,525

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

86,702

At 31 March 2016

86,702

DEPRECIATION

Charge for period

23,450

At 31 March 2016

23,450

NET BOOK VALUE

At 31 March 2016

63,252

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.