SNOWFLAKE_GELATO_GROUP_LI - Accounts

SNOWFLAKE GELATO GROUP LIMITED - Company Information

Print Friendly Version

Company Registration No. 07989322 (England and Wales)

SNOWFLAKE GELATO GROUP LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

SNOWFLAKE GELATO GROUP LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SNOWFLAKE GELATO GROUP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

30 Sept 2016

31 Mar 2015

Notes

Fixed assets

Tangible assets

1,336,483

770,460

Current assets

Stocks

93,763

37,536

Debtors

279,601

144,946

Cash at bank and in hand

77,776

105,760

451,140

288,242

Creditors: amounts falling due within one year

(370,499)

(229,442)

Net current assets

80,641

58,800

Total assets less current liabilities

1,417,124

829,260

Capital and reserves

Equity finance

2,080,447

1,119,440

Called up share capital

100

Profit and loss account

(663,423)

(290,280)

1,417,124

829,260

For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 September 2017

Mr A U Khan

Director

Company Registration No. 07989322

SNOWFLAKE GELATO GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

over length of the lease

Plant and machinery

over 5 to 10 years

Computer equipment

over 4 years

Fixtures, fittings & equipment

over 5 to 10 years

Motor vehicles

over 4 years

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

SNOWFLAKE GELATO GROUP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 October 2015

958,762

Additions

826,634

Disposals

(2,240)

At 30 September 2016

1,783,156

Depreciation

At 1 October 2015

188,302

On disposals

(333)

Charge for the period

258,704

At 30 September 2016

446,673

Net book value

At 30 September 2016

1,336,483

At 30 September 2015

770,460

Share capital

2016

2015

Allotted, called up and fully paid

100 ordinary shares of £1 each

100