Accounts filed on 30-09-2015
Accounts filed on 30-09-2015
trueThe Spice Box Limited077793762015-09-30-192997-176085-192897-175985100100-192897-175985-192897-175985-248680-241350258383252743970311393619878309037775994673855783653655578365365Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Going Concern
The accounts have been drawn up on a going concern basis. The director continues to support the company with loans to ensure that creditors may be paid as they fall due.
Fixtures & FittingsReducing balance0.1500Leasehold Property ImprovementsStraight line 10 years0.0000988949889443111335299582988949889443111335299582Ordinary1000110001000Ordinary11001001002016-05-24Mr N A Ewintruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureThe Spice Box Limited2014-10-012015-09-30The Spice Box Limited2013-10-012014-09-30The Spice Box Limited2013-09-30The Spice Box Limited2014-09-30The Spice Box Limited2014-09-30The Spice Box Limited2015-09-30 2016-06-28
