Rooma Style Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07777132 (England and Wales)

ROOMA STYLE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs K J Wells

Miss V A Wilkins

J McLaughlin-Mills

Mrs R McLaughlin-Mills

SECRETARY:

Mrs K J Wells

REGISTERED OFFICE:

3 The Old Gas Works

Hele Business Park

Ilfracombe

DEVON

EX34 9RA

REGISTERED NUMBER:

07777132 (England and Wales)

ACCOUNTANTS:

Jane Maynard Limited

T/A Maynard Johns

37 Mill Street

Bideford

DEVON

EX39 2JJ

CURRENT ASSETS

Stocks

1,800

Debtors

227

252

Cash at bank

714

129

2,741

2,181

CREDITORS

Amounts falling due within one year

(18,580

)

(20,053

)

NET CURRENT LIABILITIES

(15,839

)

(17,872

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,839

)

(17,872

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(15,939

)

(17,972

)

SHAREHOLDERS' FUNDS

(15,839

)

(17,872

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 March 2017 and were signed on its behalf by:

Miss V A Wilkins - Director

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 invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

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

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of

certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing

differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only

to the extent that the directors consider that it is more likely than not that they will be recovered against the reversal of

deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a non-discounted basis at the

average tax rates that would apply when the timing differences are expected to reverse, based on the tax rates and laws that

have been enacted by the balance sheet date.

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

These financial statements have been prepared on a going concern basis as the directors have agreed to provide ongoing

financial support via their directors' loan accounts.

The directors have assessed the company's financial position as well as considered the future sales expectation. They have

concluded that the company will still be able to trade for at least the next eighteen months. They, therefore, consider it

correct to continue to adopt the going concern basis of accounting.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

4,850

DEPRECIATION

At 1 December 2015

and 30 November 2016

4,850

NET BOOK VALUE

At 30 November 2016

-

At 30 November 2015

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary

10p

100

4.	GOING CONCERN

These financial statements have been prepared on a going concern basis as the directors have agreed to provide ongoing

financial support via their directors' loan accounts.

The directors have assessed the company's financial position as well as considered the future sales expectation. They have

concluded that the company will still be able to trade for at least the next eighteen months. They, therefore, consider it

correct to continue to adopt the going concern basis of accounting.