KIWI by Juice Limited - Period Ending 2016-02-29

Registration number: 09667950

KIWI by Juice Limited

Unaudited Abbreviated Accounts

for the Period from 2 July 2015 to 29 February 2016

 

KIWI by Juice Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
KIWI by Juice Limited
for the Period Ended 29 February 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KIWI by Juice Limited for the period ended 29 February 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of KIWI by Juice Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of KIWI by Juice Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KIWI by Juice Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that KIWI by Juice Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of KIWI by Juice Limited. You consider that KIWI by Juice Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of KIWI by Juice Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Morgan Cameron Limited
Chartered Accountants
9 Thorney Leys Park
Witney
Oxfordshire
OX28 4GE

28 November 2016

Page 1

KIWI by Juice Limited
(Registration number: 09667950)
Abbreviated Balance Sheet at 29 February 2016

		Note			29 February 2016 £
Fixed assets
Intangible fixed assets					190,631
Tangible fixed assets		2			1,165
					191,796
Current assets
Debtors					41,369
Cash at bank and in hand					58,920
					100,289
Creditors: Amounts falling due within one year					(314,626)
Net current liabilities					(214,337)
Net liabilities					(22,541)
Capital and reserves
Called up share capital		3			800
Profit and loss account					(23,341)
Shareholders' deficit					(22,541)

For the year ending 29 February 2016 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 28 November 2016 and signed on its behalf by:

......................................... A D Poole Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

KIWI by Juice Limited
Notes to the Abbreviated Accounts for the Period from 2 July 2015 to 29 February 2016
......... 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 January 2015).

Going concern

The financial statements have been prepared on a going concern basis. The company is in the process of developing its products, and has not yet started marketing them. Consequently, there was no turnover for the period, but the directors expect the company to trade profitably once sales commence.

Research and development

Identifiable development expenditure on specific projects is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated. Development expenditure is amortised from the date when commercial exploitation of the project commences. Justification for its continued deferral is reviewed at the end of each accounting period.

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, from the date at which they start to generate income, as follows:

Asset class	Amortisation method and rate
Development costs	4 years straight line
Trademark costs	10 years straight line

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 as follows:

Asset class	Depreciation method and rate
Office equipment	4 years straight line

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
Additions		190,631			1,216			191,847
At 29 February 2016		190,631			1,216			191,847
Depreciation
Charge for the period		-			51			51
At 29 February 2016		-			51			51
Net book value
At 29 February 2016		190,631			1,165			191,796

Page 3

KIWI by Juice Limited
Notes to the Abbreviated Accounts for the Period from 2 July 2015 to 29 February 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares
							28 February 2016
							No.	£
Ordinary shares of £0.001 each							800,000	800
							800,000	800

Page 4