ORGANIC MANIA LIMITED - Filleted accounts

ORGANIC MANIA LIMITED - Company Information

Registered number

13296881

ORGANIC MANIA LIMITED

Filleted Accounts

31 March 2022

ORGANIC MANIA LIMITED
Registered number:		13296881
Balance Sheet
as at 31 March 2022

Notes			2022
£
Fixed assets
Tangible assets	3		4,671

Current assets
Stocks		18,720
Cash at bank and in hand		620
		19,340

Creditors: amounts falling due within one year	4	(11,572)

Net current assets			7,768

Net assets			12,439

Capital and reserves
Called up share capital			100
Profit and loss account			12,339

Shareholder's funds			12,439

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.






Mrs. Janielle Banal
Director
Approved by the board on 17 September 2022

ORGANIC MANIA LIMITED
Notes to the Accounts
for the period from 27 September 2021 to 31 March 2022


1	Accounting policies


	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).


	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.


	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, at 18% per annum reducing balance method, excluding the year of aquisition.


	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


	Taxation
	A corporation tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A corporation tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.Corporation tax assets and liabilities are not discounted.


2	Employees	2022
Number

	Average number of persons employed by the company	2


3	Tangible fixed assets
			Fixtures & Fittings
£
	Cost
	Additions		4,671
	At 31 March 2022		4,671

	Depreciation
	At 31 March 2022		-

	Net book value
	At 31 March 2022		4,671


4	Creditors: amounts falling due within one year	2022
£

	Corporation tax	2,894
	V.A.T.	1,509
	Trade creditors	3,319
	Other creditors	3,850
		11,572


5	Other information

	ORGANIC MANIA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	147 Cranbrook Road
	Ilford
	Essex
	IG1 4PU