Abbreviated Company Accounts - SPRUCE DESIGNS LIMITED

SPRUCE DESIGNS LIMITED - Company Information

07643431 SPRUCE DESIGNS LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 07643431 2014-06-01 2015-05-31 07643431 2015-05-31 07643431 2014-05-31 07643431 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 07643431 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 07643431

SPRUCE DESIGNS LIMITED

Abbreviated Accounts

31 May 2015

SPRUCE DESIGNS LIMITED Registered Number 07643431

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	786	983
		786	983
Current assets
Debtors		3,831	3,329
Cash at bank and in hand		49,974	50,904
		53,805	54,233
Creditors: amounts falling due within one year		(18,721)	(17,763)
Net current assets (liabilities)		35,084	36,470
Total assets less current liabilities		35,870	37,453
Total net assets (liabilities)		35,870	37,453
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		35,770	37,353
Shareholders' funds		35,870	37,453

For the year ending 31 May 2015 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 26 February 2016

And signed on their behalf by:
G. J. Arnold, Director

SPRUCE DESIGNS LIMITED Registered Number 07643431

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Basis Of Accounting
=================
The Accounts have been prepared under the Historical Cost Convention in accordance with applicable accounting standards and the Financial Reporting Standards For Smaller Entities (Effective April 2008).

The company has taken advantage of the exemptions in the Financial Reporting Standard Number 1 from the requirement to produce a Cash Flow Statement on the grounds that it is a small company.

Turnover policy
Turnover
========
Turnover represents invoices issued.

Tangible assets depreciation policy
Depreciation
===========
All fixed assets are written off on a reducing balance basis as follows:-

Tools And Equipment 20%

Other accounting policies
Deferred Taxation
===============
Provision is made for deferred taxation using the liability method, which takes account of the timing differences between the incidence of income and expenditure for taxation and accounting purposes, except to the extent that the Directors consider the liability to taxation is unlikely to arise or the amount is immaterial.

2Tangible fixed assets

	£
Cost
At 1 June 2014	1,519
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	1,519
Depreciation
At 1 June 2014	536
Charge for the year	197
On disposals	-
At 31 May 2015	733
Net book values
At 31 May 2015	786
At 31 May 2014	983

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1