Registration number:
trading as
Unaudited Abbreviated Accounts
for the Year Ended
Island Spirit Limited
trading as Island Spirit
Contents
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Island Spirit Limited
trading as Island Spirit
(Registration number: 07905524)
Abbreviated Balance Sheet at 31 January 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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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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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Shareholders' deficit |
( |
( |
Approved by the director on
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Miss Kirsty Anne Barnby
Director
1
Island Spirit Limited
trading as Island Spirit
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
During the year the company made a loss before tax of £6,509 and had net liabilities of £19,070. The company has the continued support of the director, therefore it is able to meet it's liabilities as they fall due. It is expected that this support will continue, therefore the going concern basis is considered to be appropriate.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office Equipment |
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Digital assets |
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Deferred tax
Foreign currency
Hire purchase and leasing
Island Spirit Limited
trading as Island Spirit
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued
Financial instruments
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 February 2014 |
7,978 |
7,978 |
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Additions |
289 |
289 |
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At 31 January 2015 |
8,267 |
8,267 |
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Depreciation |
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At 1 February 2014 |
3,663 |
3,663 |
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Charge for the year |
2,137 |
2,137 |
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At 31 January 2015 |
5,800 |
5,800 |
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Net book value |
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At 31 January 2015 |
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At 31 January 2014 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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