Spray Nine Europe Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04037787 (England and Wales)

SPRAY NINE EUROPE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

1,200

173

CURRENT ASSETS

Stocks

5,011

7,922

Debtors

2,860

59

Cash at bank

961

3,752

8,832

11,733

CREDITORS

Amounts falling due within one
year

(46,934

)

(52,362

)

NET CURRENT LIABILITIES

(38,102

)

(40,629

)

TOTAL ASSETS LESS
CURRENT LIABILITIES

(36,902

)

(40,456

)

CAPITAL AND RESERVES

Called up share capital

3

214,956

Profit and loss account

(251,858

)

(255,412

)

SHAREHOLDERS' FUNDS

(36,902

)

(40,456

)

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

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

The director acknowledges his 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 director on 12th June 2017 and were signed
by:

M J Crawford - 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

-

20% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

3,641

Additions

1,118

At 30th September 2016

4,759

DEPRECIATION

At 1st October 2015

3,468

Charge for year

91

At 30th September 2016

3,559

NET BOOK VALUE

At 30th September 2016

1,200

At 30th September 2015

173

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

214,956

Ordinary

1

214,956

4.	GOING CONCERN

The financial statements have been prepared on a going concern basis, although the

company is technically insolvent. The trading conditions have improved and the

director will continue to support the company in the foreseeable future.