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REGISTERED NUMBER:
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Spherical Living Ltd |
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Abridged Unaudited Financial Statements for the Year Ended 31 March 2019 |
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REGISTERED NUMBER:
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Spherical Living Ltd |
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Abridged Unaudited Financial Statements for the Year Ended 31 March 2019 |
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Spherical Living Ltd (Registered number: 07311554) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2019 |
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Page |
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Company Information | 1 |
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Abridged Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Spherical Living Ltd |
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Company Information |
for the Year Ended 31 March 2019 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
4 King Square |
Bridgwater |
Somerset |
TA6 3YF |
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BANKERS: |
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50 Notting Hill Gate |
Notting Hill |
London |
W11 3JD |
Spherical Living Ltd (Registered number: 07311554) |
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Abridged Statement of Financial Position |
31 March 2019 |
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31.3.19 | 31.3.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
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Tangible assets | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
Spherical Living Ltd (Registered number: 07311554) |
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Abridged Statement of Financial Position - continued |
31 March 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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Spherical Living Ltd (Registered number: 07311554) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2019 |
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1. | STATUTORY INFORMATION |
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Spherical Living Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | STATEMENT OF COMPLIANCE |
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3. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on a going concern basis, which assumes the continued support of |
the company's directors. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Goodwill |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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The freehold property is kept to a high standard due to regular refurbishment. The directors feel depreciation is |
immaterial to the accounts, however this policy will be regularly reviewed along side impairment reviews. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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4. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Spherical Living Ltd (Registered number: 07311554) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
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5. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2018 |
and 31 March 2019 |
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AMORTISATION |
At 1 April 2018 |
and 31 March 2019 |
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NET BOOK VALUE |
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At 31 March 2019 |
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At 31 March 2018 |
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6. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 April 2018 |
and 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Charge for year |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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7. | ULTIMATE CONTROLLING PARTY |
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The company directors controlled the company during the current period, by virtue of the fact that they own all |
of the company share capital. |