Essensuals (Rugby) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04010279 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Essensuals (Rugby) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S A Fordham

REGISTERED OFFICE:

Innovia House

Marish Wharf

St Marys Road

Middlegreen

Slough

SL3 6DA

REGISTERED NUMBER:

04010279 (England and Wales)

ACCOUNTANTS:

Styles & Associates Limited

Berkeley House

Amery Street

Alton

Hampshire

GU34 1HN

FIXED ASSETS

Intangible assets

2

-

458

Tangible assets

3

3,484

5,884

3,484

6,342

CURRENT ASSETS

Stocks

4,503

4,887

Debtors

27,468

17,362

Cash at bank and in hand

12,477

18,539

44,448

40,788

CREDITORS

Amounts falling due within one year

68,517

74,909

NET CURRENT LIABILITIES

(24,069

)

(34,121

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,585

)

(27,779

)

CREDITORS

Amounts falling due after more than one
year

-

2,000

NET LIABILITIES

(20,585

)

(29,779

)

CAPITAL AND RESERVES

Called up share capital

4

30,000

Profit and loss account

(50,585

)

(59,779

)

SHAREHOLDERS' FUNDS

(20,585

)

(29,779

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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 26 May 2016 and were signed by:

S A Fordham - 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 April 2008).

Turnover

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

Franchise cost

Franchise Costs are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost

in equal annual instalments over the period of franchise.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost and 20% 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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at 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

The company meets its day to day working capital requirements through an overdraft facility. The overdraft

facility is repayable on demand. Mascolo Limited and other related parties may provide ongoing support for the

company in the form of extended supplier credit, if necessary. The director considers that it is appropriate to

prepare the financial statements on a going concern basis as he expects the company to be able to continue to

trade within the facilities made available.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

3,850

Disposals

(3,850

)

At 31 August 2015

-

AMORTISATION

At 1 September 2014

3,392

Amortisation for year

458

Eliminated on disposal

(3,850

)

At 31 August 2015

-

NET BOOK VALUE

At 31 August 2015

-

At 31 August 2014

458

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

215,253

Additions

810

At 31 August 2015

216,063

DEPRECIATION

At 1 September 2014

209,369

Charge for year

3,210

At 31 August 2015

212,579

NET BOOK VALUE

At 31 August 2015

3,484

At 31 August 2014

5,884

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

7,800

Ordinary 'A'

£1

7,800

22,200

Ordinary 'B'

£1

22,200

30,000