Abbreviated Company Accounts - STEVE PRICE ILLUSIONS LTD

09570785 STEVE PRICE ILLUSIONS LTD 2016-05-31 false 2015-05-01 2016-05-31 true 09570785 2015-05-01 2016-05-31 09570785 2016-05-31 09570785 uk-gaap-cd-bus:Director1 2015-05-01 2016-05-31 09570785 uk-gaap-cd-bus:Director2 2015-05-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 iso4217:GBP shares

Registered Number 09570785

STEVE PRICE ILLUSIONS LTD

Abbreviated Accounts

31 May 2016

STEVE PRICE ILLUSIONS LTD Registered Number 09570785

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	8,875
		8,875
Current assets
Stocks		516
Debtors		2,341
Cash at bank and in hand		9,394
		12,251
Creditors: amounts falling due within one year		(19,037)
Net current assets (liabilities)		(6,786)
Total assets less current liabilities		2,089
Provisions for liabilities		(1,659)
Total net assets (liabilities)		430
Capital and reserves
Called up share capital	3	10
Profit and loss account		420
Shareholders' funds		430

For the year ending 31 May 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 22 January 2017

And signed on their behalf by:
STEPHEN PRICE, Director

STEVE PRICE ILLUSIONS LTD Registered Number 09570785

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents sales of services and is recognised when the company obtains the right to consideration.

Tangible assets depreciation policy
Depreciation is provided in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Valuation information and policy
Stock has been valued at the lower of cost and net realisable value.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
Additions	10,131
Disposals	(270)
Revaluations	-
Transfers	-
At 31 May 2016	9,861
Depreciation
Charge for the year	986
On disposals	-
At 31 May 2016	986
Net book values
At 31 May 2016	8,875

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

	2016 £
10 Ordinary shares of £1 each	10