Company Registration No. 08851791 (England and Wales)
SPICE ROOT LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
SPICE ROOT LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SPICE ROOT LTD
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
135
Current assets
Stocks
6,400
Debtors
1,505
Cash at bank and in hand
1,036
8,941
Creditors: amounts falling due within one year
(24,579)
Net current liabilities
(15,638)
Total assets less current liabilities
(15,503)
Capital and reserves
Called up share capital
3
100
Profit and loss account
(15,603)
Shareholders' funds
(15,503)
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
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 of the Companies Act 2006.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board and authorised for issue on 14 March 2017
Mr U Misra
Director
Company Registration No. 08851791
SPICE ROOT LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
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:
Fixtures, fittings & equipment
25% reducing balance
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
-
Additions
180
At 30 June 2016
180
Depreciation
At 1 July 2015
-
Charge for the year
45
At 30 June 2016
45
Net book value
At 30 June 2016
135
SPICE ROOT LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
3
Share capital
2016
£
Authorised
Allotted, called up and fully paid
100 Ordinary of £1 each
100
3
Share capital
2016
£
Authorised
Allotted, called up and fully paid
100 Ordinary of £1 each
100