Abbreviated Company Accounts - SPIKES & CURLS LTD

Abbreviated Company Accounts - SPIKES & CURLS LTD

SPIKES & CURLS LTD - Company Information

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Registered Number 05258976

SPIKES & CURLS LTD

Abbreviated Accounts

31 October 2013

SPIKES & CURLS LTD Registered Number 05258976

Abbreviated Balance Sheet as at 31 October 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 31,867 38,533
Tangible assets 3 1,995 6,005
33,862 44,538
Current assets
Stocks 3,394 1,243
Debtors 4,246 4,246
Cash at bank and in hand 9,454 9,454
17,094 14,943
Creditors: amounts falling due within one year (42,359) (42,359)
Net current assets (liabilities) (25,265) (27,416)
Total assets less current liabilities 8,597 17,122
Creditors: amounts falling due after more than one year (15,487) (15,487)
Total net assets (liabilities) (6,890) 1,635
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (7,890) 635
Shareholders' funds (6,890) 1,635
  • For the year ending 31 October 2013 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 31 July 2014

And signed on their behalf by:
Kelly Gennard, Director

SPIKES & CURLS LTD Registered Number 05258976

Notes to the Abbreviated Accounts for the period ended 31 October 2013

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.

Tangible assets depreciation policy
Leasehold Property - 20% Straight Line Method
Plant and Machinery - 33% Reducing Balance Method
Motor Vehicles - 25% Reducing Balance Method

Intangible assets amortisation policy
Goodwill - 10% Straight Line Method
Intellectual Property - Useful Economic Life - 3 years

2Intangible fixed assets
£
Cost
At 1 November 2012 56,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2013 56,000
Amortisation
At 1 November 2012 17,467
Charge for the year 6,666
On disposals -
At 31 October 2013 24,133
Net book values
At 31 October 2013 31,867
At 31 October 2012 38,533
3Tangible fixed assets
£
Cost
At 1 November 2012 30,330
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2013 30,330
Depreciation
At 1 November 2012 24,325
Charge for the year 4,010
On disposals -
At 31 October 2013 28,335
Net book values
At 31 October 2013 1,995
At 31 October 2012 6,005