ROUX_LIFESTYLE_LIMITED - Accounts

ROUX LIFESTYLE LIMITED - Company Information

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Company Registration No. 09147276 (England and Wales)

ROUX LIFESTYLE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

ROUX LIFESTYLE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ROUX LIFESTYLE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

462

Current assets

Stocks

39,781

13,076

Debtors

135,652

36,985

Cash at bank and in hand

3,817

1,942

179,250

52,003

Creditors: amounts falling due within one year

(129,975)

(41,907)

Net current assets

49,275

10,096

Total assets less current liabilities

49,737

10,096

Creditors: amounts falling due after more than one year

(176,822)

(83,822)

(127,085)

(73,726)

Capital and reserves

Called up share capital

100

Profit and loss account

(127,185)

(73,826)

Shareholders' funds

(127,085)

(73,726)

For the financial Year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 21 December 2016

Mr B G Seymour

Mr D J Cooper

Director

Company Registration No. 09147276

ROUX LIFESTYLE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Not withstanding the negative shareholders' funds, the accounts have been prepared on a going concern basis as the company will continue to be supported by the company directors.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33% straight line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 April 2015

Additions

520

At 31 March 2016

520

Depreciation

At 1 April 2015

Charge for the period

At 31 March 2016

Net book value

At 31 March 2016

462

ROUX LIFESTYLE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary shares of 10p each

100

Transactions with directors

The following directors had interest free loans during the Year. The movement on these loans are as follows:

Amount outstanding

Maximum

2016

2015

in period

Ben Seymour

42,000

10,000

42,000

Darren Cooper

46,000

10,000

46,000

During the year £30,000 and £2,253 were payable to Mr M Roux, company director, for consultancy and royalties.

Ultimate parent company

The company was initially controlled by Mr B G Seymour and Mr D J Cooper, company directors, by virtue of owning 100% of the issued ordinary share capital.

At the balance sheet date the company was 90% owned by Cooper Seymour Group Limited.

Cooper Seymour Group Limited is controlled by Mr B G Seymour and Mr D J Cooper, company directors, by virtue of owning 100% of the issued ordinary B share capital.