Iced N Sliced Limited - Period Ending 2014-03-31

Registration number: 06702734

Iced N Sliced Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Peter Saxton & Co.
Accountants
362 Church Road
London
SW19 2QF

Iced N Sliced Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Iced N Sliced Limited
(Registration number: 06702734)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					6,425			7,709
Tangible fixed assets					558			1,229
					6,983			8,938
Current assets
Debtors		3			7,550			7,550
Cash at bank and in hand					10,415			6,179
					17,965			13,729
Creditors: Amounts falling due within one year					(52,696)			(37,305)
Net current liabilities					(34,731)			(23,576)
Net liabilities					(27,748)			(14,638)
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					(27,750)			(14,640)
Shareholders' deficit					(27,748)			(14,638)

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 31 March 2015 and signed on its behalf by:

.........................................
Ms Ann Patricia White
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Iced N Sliced Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Goodwill

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	9.52% straight line basis

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

Asset class	Depreciation method and rate
Plant and machinery	25% straight line basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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Iced N Sliced Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 April 2013		13,487			2,681			16,168
At 31 March 2014		13,487			2,681			16,168
Depreciation
At 1 April 2013		5,778			1,452			7,230
Charge for the year		1,284			671			1,955
At 31 March 2014		7,062			2,123			9,185
Net book value
At 31 March 2014		6,425			558			6,983
At 31 March 2013		7,709			1,229			8,938

3

Debtors

Debtors includes £5,000 (2013 - £5,000) receivable after more than one year.

 

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

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