Seaside Spirit Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06434044 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

FOR

SEASIDE SPIRIT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P A Hibbert-Greaves

REGISTERED OFFICE:

51 Clarkegrove Road

Sheffield

South Yorkshire

S10 2NH

REGISTERED NUMBER:

06434044 (England and Wales)

ACCOUNTANTS:

Brown McLeod Limited

Chartered Accountants

51 Clarkegrove Road

Sheffield

South Yorkshire

S10 2NH

FIXED ASSETS

Intangible assets

2

7,500

-

Tangible assets

3

34,553

-

42,053

-

CURRENT ASSETS

Stocks

6,000

-

CREDITORS

Amounts falling due within one year

44,250

1,796

NET CURRENT LIABILITIES

(38,250

)

(1,796

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,803

(1,796

)

PROVISIONS FOR LIABILITIES

351

-

NET ASSETS/(LIABILITIES)

3,452

(1,796

)

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

3,450

(1,798

)

SHAREHOLDERS' FUNDS

3,452

(1,796

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 18 August 2015 and were signed by:

P A Hibbert-Greaves - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

10,000

At 30 November 2014

10,000

AMORTISATION

Amortisation for year

2,500

At 30 November 2014

2,500

NET BOOK VALUE

At 30 November 2014

7,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

40,692

At 30 November 2014

40,692

DEPRECIATION

Charge for year

6,139

At 30 November 2014

6,139

NET BOOK VALUE

At 30 November 2014

34,553

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

2

Ordinary

£1

2

2