Company Registration No. 07826994 (England and Wales)
BEAUTIFUL SPOTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2014
BEAUTIFUL SPOTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BEAUTIFUL SPOTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2014
31 August 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
3
3
Tangible assets
2
431,513
370,621
431,516
370,624
Current assets
Stocks
53,002
26,025
Debtors
357,614
331,819
Cash at bank and in hand
3,473
9,756
414,089
367,600
Creditors: amounts falling due within one year
(734,316)
(634,302)
Net current liabilities
(320,227)
(266,702)
Total assets less current liabilities
111,289
103,922
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
111,287
103,920
Shareholders' funds
111,289
103,922
For the financial Period ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 20 October 2014
Mrs P S Pagliuca
Director
Company Registration No. 07826994
BEAUTIFUL SPOTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 AUGUST 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Concession Fittings
Straight Line over 5 years
Fixtures, fittings & equipment
15% Reducing Balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 November 2013
3
501,841
501,844
Additions
131,673
131,673
At 31 August 2014
3
633,514
633,517
Depreciation
At 1 November 2013
131,220
131,220
Charge for the period
70,781
70,781
At 31 August 2014
202,001
202,001
Net book value
At 31 August 2014
3
431,513
431,516
At 31 October 2013
3
370,621
370,624
BEAUTIFUL SPOTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
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