Tree Lings imited
Registered number: 10618436
Balance Sheet
as at 31 March 2018
Notes 2018
£
Current assets
Stocks 550
Debtors 2 7,536
Cash at bank and in hand 19,467
27,553
Creditors: amounts falling due within one year 3 (12,448)
Net current assets 15,105
Net assets 15,105
Capital and reserves
Called up share capital 1
Profit and loss account 15,104
Shareholders' funds 15,105
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Xiaoshu Lin
Director
Approved by the board on 5 November 2018
Tree Lings imited
Notes to the Accounts
for the period from 14 February 2017 to 31 March 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods, which is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. No provision for deferred tax is required.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Debtors 2018
£
Other debtors 7,536
3 Creditors: amounts falling due within one year 2018
£
Corporation tax 3,542
Other taxes and social security costs 8,506
Other creditors 400
12,448
4 Other information
Tree Lings imited is a private company limited by shares and incorporated in England. Its registered office is:
C/o Chan & Co
88 Kingsway
London
WC2B 6AA
Tree Lings imited 10618436 false 2017-02-14 2018-03-31 2018-03-31 VT Final Accounts February 2017 Mr Xiaoshu Lin No description of principal activity 10618436 2017-02-14 2018-03-31 10618436 bus:PrivateLimitedCompanyLtd 2017-02-14 2018-03-31 10618436 bus:AuditExemptWithAccountantsReport 2017-02-14 2018-03-31 10618436 bus:Director40 2017-02-14 2018-03-31 10618436 1 2017-02-14 2018-03-31 10618436 2 2017-02-14 2018-03-31 10618436 countries:England 2017-02-14 2018-03-31 10618436 bus:FRS102 2017-02-14 2018-03-31 10618436 bus:FullAccounts 2017-02-14 2018-03-31 10618436 2018-03-31 10618436 core:WithinOneYear 2018-03-31 10618436 core:ShareCapital 2018-03-31 10618436 core:RetainedEarningsAccumulatedLosses 2018-03-31 10618436 2017-02-13 iso4217:GBP