Aromaworks Limited - Abbreviated accounts 16.3
Aromaworks Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 April 2016 |
| for |
| Aromaworks Limited |
| Aromaworks Limited (Registered number: 08039193) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 April 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Aromaworks Limited |
| Company Information |
| for the Year Ended 30 April 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Aromaworks Limited (Registered number: 08039193) |
| Abbreviated Balance Sheet |
| 30 April 2016 |
| 30.4.16 | 30.4.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the Board of Directors on |
| Aromaworks Limited (Registered number: 08039193) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 April 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents net sales of goods, excluding value added tax. Income is recognised at the point of sale. |
| Tangible fixed assets |
| Short leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Research and development |
| Research expenditure is written off in the year in which it is incurred. Development expenditure is written off in |
| the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual |
| projects. In this situation, the expenditure is deferred and amortised over the period during which the company is |
| expected to benefit. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
| at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| Going concern |
| The company meets its day to day working capital requirements partially through the support of its creditors and |
| directors.The directors have considered the projected cash flow information for the company during the |
| foreseeable post year-end period. On the basis of this cash flow information and discussions with the company’s |
| creditors, the directors consider that the company will continue to operate within the available finance facilities. |
| However the margin of finance facilities over requirements is not large and, inherently there can be no certainty |
| in relation to this matter. On this basis, the directors consider it appropriate to prepare the financial statements |
| on the going concern basis. The financial statements do not include any adjustments that would result from a |
| withdrawal of the support of the company's creditors or directors. |
| Website development costs |
| Website development expenditure is capitalised during the period in which it relates. It amortised over the period |
| during which the company is expected to benefit. |
| Aromaworks Limited (Registered number: 08039193) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 April 2016 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 May 2015 |
| and 30 April 2016 |
| AMORTISATION |
| At 1 May 2015 |
| Amortisation for year |
| At 30 April 2016 |
| NET BOOK VALUE |
| At 30 April 2016 |
| At 30 April 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 May 2015 |
| Additions |
| At 30 April 2016 |
| DEPRECIATION |
| At 1 May 2015 |
| Charge for year |
| At 30 April 2016 |
| NET BOOK VALUE |
| At 30 April 2016 |
| At 30 April 2015 |
| 4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.4.16 | 30.4.15 |
| value: | £ | £ |
| Ordinary | £1 |
| A total of 106 Ordinary shares of £1 were issued during the year as follows: |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| At the balance sheet date, the following balances existed on loan accounts with the directors: |
| Mrs J Hibbert £484,863 (2015 £440,503) in credit |
| During the year interest of £16,860 (2015 £13,701) was charged on the directors loan account. |