Passionate Spirits Limited - Limited company - abbreviated - 11.6

Passionate Spirits Limited - Limited company - abbreviated - 11.6

PASSIONATE SPIRITS LIMITED - Company Information

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REGISTERED NUMBER: 05253168















Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

PASSIONATE SPIRITS LIMITED

PASSIONATE SPIRITS LIMITED (REGISTERED NUMBER: 05253168)

Contents of the Abbreviated Accounts
FOR THE YEAR ENDED 31 MARCH 2014










Page

Company Information 1

Report of the Accountants 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

PASSIONATE SPIRITS LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTOR: M Godfrey





SECRETARY: J Godfrey





REGISTERED OFFICE: Burma House
Station Path
Staines
Middlesex
TW18 4LA





REGISTERED NUMBER: 05253168





ACCOUNTANTS: kings mill practice ltd
Accountants
Burma House
Station Path
Staines
Middlesex
TW18 4LA
Page 1
PASSIONATE SPIRITS LIMITED

Report of the Accountants to the Director of
Passionate Spirits Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
accounts of Passionate Spirits Limited (Company Number 05253168) for the year ended 31st March 2014 which
comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company' accounting records
and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject
to its ethical and other professional requirements which are detailed at www.icaew.com/membershandbook.

This report is made solely to the Board of Directors of Passionate Spirits Limited , as a body, in accordance with the
terms of our engagement letter dated 2nd January 2013. Our work has been undertaken solely to prepare for your
approval the accounts of Passionate Spirits Limited and state those matters that we have agreed to state to them in
accordance with AAF 2/10 as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than Passionate Spirits Limited and its Board of Directors, as a body, for
our work or for this report.

It is your duty to ensure that Passionate Spirits Limited has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit of Passionate Spirits Limited.
You consider that Passionate Spirits Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Passionate Spirits Limited. For this
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations
you have given to us and we do not, therefore, express any opinion on the statutory account






kings mill practice ltd
Accountants
Burma House
Station Path
Staines
Middlesex
TW18 4LA


Date: .............................................

This page does not form part of the abbreviated accounts

Page 2
PASSIONATE SPIRITS LIMITED (REGISTERED NUMBER: 05253168)

Abbreviated Balance Sheet
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 35,000 35,000
Tangible assets 3 349 464
35,349 35,464

CURRENT ASSETS
Stocks 306 3,978
Debtors 8,803 5,725
Cash at bank 1,961 1,197
11,070 10,900
CREDITORS
Amounts falling due within one year 255 299
NET CURRENT ASSETS 10,815 10,601
TOTAL ASSETS LESS CURRENT
LIABILITIES
46,164
46,065

CAPITAL AND RESERVES
Called up share capital 4 30,000 30,000
Profit and loss account 16,164 16,065
SHAREHOLDERS' FUNDS 46,164 46,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 12 December 2014 and were signed by:



M Godfrey - Director


The notes form part of these abbreviated accounts

Page 3
PASSIONATE SPIRITS LIMITED (REGISTERED NUMBER: 05253168)

Notes to the Abbreviated Accounts
FOR THE YEAR ENDED 31 MARCH 2014


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 April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on a reducing balance basis on
all tangible assets at rates calculated to write off the cost, less estimated residual value, of each asset over the
expected useful life. The following annual rates have been applied:

Fixtures and fittings - 25% 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 provided using the liability method in respect of all material timing differences that have
originated but not reversed by the balance sheet date. Deferred tax assets are recognised where it is considered
more likely than not that future profits will be available for offset. The company has not adopted a policy of
discounting deferred tax assets and liabilities

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 35,000
NET BOOK VALUE

At 31 March 2014 35,000
At 31 March 2013 35,000

Page 4 continued...
PASSIONATE SPIRITS LIMITED (REGISTERED NUMBER: 05253168)

Notes to the Abbreviated Accounts - continued
FOR THE YEAR ENDED 31 MARCH 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 2,037
DEPRECIATION
At 1 April 2013 1,573
Charge for year 115
At 31 March 2014 1,688
NET BOOK VALUE
At 31 March 2014 349
At 31 March 2013 464

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
30,000 ordinary 1 30,000 30,000

Page 5