Afroditi Krassa Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 05640438 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

AFRODITI KRASSA LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Miss A Krassa

Miss M Demetriou

SECRETARY:

Miss M Demetriou

REGISTERED OFFICE:

15 The Broadway

Penn Road

Beaconsfield

Buckinghamshire

HP9 2PD

REGISTERED NUMBER:

05640438 (England and Wales)

ACCOUNTANTS:

O'Sullivan & Co

Chartered Certified Accountants

15 The Broadway

Penn Road

Beaconsfield

Buckinghamshire

HP9 2PD

FIXED ASSETS

Tangible assets

2

12,802

12,637

CURRENT ASSETS

Debtors

283,900

65,561

Cash at bank

454,230

337,984

738,130

403,545

CREDITORS

Amounts falling due within one year

180,936

28,667

NET CURRENT ASSETS

557,194

374,878

TOTAL ASSETS LESS CURRENT
LIABILITIES

569,996

387,515

PROVISIONS FOR LIABILITIES

2,432

2,527

NET ASSETS

567,564

384,988

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

567,464

384,888

SHAREHOLDERS' FUNDS

567,564

384,988

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 26 July 2017 and were signed on its behalf by:

Miss A Krassa - 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, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

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 etc

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 August 2015

25,984

Additions

3,077

At 31 July 2016

29,061

DEPRECIATION

At 1 August 2015

13,347

Charge for year

2,912

At 31 July 2016

16,259

NET BOOK VALUE

At 31 July 2016

12,802

At 31 July 2015

12,637

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

100

Ordinary

£1

100