Spirality Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03904999 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Spirality Limited

Trading as

'Spirit Day Spa'

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S G Tilley

Miss E L Tilley

SECRETARY:

S G Tilley

REGISTERED OFFICE:

68 Brackendale Road

Camberley

Surrey

GU15 2JY

REGISTERED NUMBER:

03904999 (England and Wales)

ACCOUNTANTS:

Butler & Co

Chartered Accountants

Bennett House

The Dean

Alresford

Hampshire

SO24 9BH

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

4,618

6,770

4,618

6,770

CURRENT ASSETS

Stocks

7,638

6,280

Debtors

1,506

2,939

Cash at bank and in hand

10,572

3,423

19,716

12,642

CREDITORS

Amounts falling due within one year

15,684

11,093

NET CURRENT ASSETS

4,032

1,549

TOTAL ASSETS LESS CURRENT LIABILITIES

8,650

8,319

CREDITORS

Amounts falling due after more than one year

49,070

60,589

NET LIABILITIES

(40,420

)

(52,270

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(40,520

)

(52,370

)

SHAREHOLDERS' FUNDS

(40,420

)

(52,270

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 15 October 2015 and were signed on its behalf by:

S G Tilley - 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).

The financial statements have been prepared on a going concern basis as the directors consider this to be

appropriate based on the expected future results and the continued support of the directors.

Turnover

Turnover represents the net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been fully

amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Plant and machinery

-

Straight line over 3 years

Fixtures and fittings

-

Straight line over 5 years

Computer equipment

-

Straight line over 3 years

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

At 1 April 2014

and 31 March 2015

15,000

AMORTISATION

At 1 April 2014

and 31 March 2015

15,000

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

65,547

Disposals

(48,852

)

At 31 March 2015

16,695

DEPRECIATION

At 1 April 2014

58,777

Charge for year

2,001

Eliminated on disposal

(48,701

)

At 31 March 2015

12,077

NET BOOK VALUE

At 31 March 2015

4,618

At 31 March 2014

6,770

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

£1

100

100

5.	RELATED PARTY DISCLOSURES

.

S G Tilley

Director

During the period under review Mr S G Tilley introduced funds to the company amounting to £nil (2014 -

£60,811).

Miss E L Tilley

Director

During the period under review Miss E L Tilley introduced funds to the company amounting to £nil (2014 -

£1,200).

31.3.15

31.3.14

£

£

Amount due to related party at balance sheet date

S G Tilley

Director

48,481

59,389

Miss E L Tilley

Director

589

1,200

6.	ULTIMATE CONTROLLING PARTY

During the period under review the company was under the control of Mr S G Tilley, a director and majority

shareholder.