Spikes & Curls Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05258976 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2019

for

Spikes & Curls Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K Mooney

REGISTERED OFFICE:

61a Downing Street

Farnham

Surrey

GU9 7PN

REGISTERED NUMBER:

05258976 (England and Wales)

ACCOUNTANT:

Accountancy and Business Improvement Ltd

The Oast House

Suite 3

5 Mead Lane

Farnham

Surrey

GU9 7DY

FIXED ASSETS

Intangible assets

4

-

3,600

Tangible assets

5

-

3,600

CURRENT ASSETS

Stocks

-

2,250

Debtors

6

165

-

Cash at bank

859

1,186

1,024

3,436

CREDITORS

Amounts falling due within one year

7

6,095

1,231

NET CURRENT (LIABILITIES)/ASSETS

(5,071

)

2,205

TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,071

)

5,805

CREDITORS

Amounts falling due after more than
one year

8

3,800

4,100

NET (LIABILITIES)/ASSETS

(8,871

)

1,705

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

(9,871

)

705

(8,871

)

1,705

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 May 2020
and were signed by:

Mrs K Mooney - Director

1.	STATUTORY INFORMATION

Spikes & Curls Ltd is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2018 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2018

and 31 October 2019

36,000

AMORTISATION

At 1 November 2018

32,400

Charge for year

3,600

At 31 October 2019

36,000

NET BOOK VALUE

At 31 October 2019

-

At 31 October 2018

3,600

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 November 2018

and 31 October 2019

14,405

40,000

54,405

DEPRECIATION

At 1 November 2018

and 31 October 2019

14,405

40,000

54,405

NET BOOK VALUE

At 31 October 2019

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

Trade debtors

165

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

Taxation and social security

420

(3,185

)

Other creditors

5,675

4,416

6,095

1,231

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.10.19

31.10.18

£

Other creditors

3,800

4,100

Spikes & Curls Ltd - Accounts to registrar (filleted) - small 18.2

Spikes & Curls Ltd - Accounts to registrar (filleted) - small 18.2