Company Registration No. 05544941 (England and Wales)
ABBEY BOOKMAKERS LIMITED
ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2016
ABBEY BOOKMAKERS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBEY BOOKMAKERS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
-
6,409
Current assets
Debtors
7,558
10,056
Cash at bank and in hand
583
28,970
8,141
39,026
Creditors: amounts falling due within one year
(42,865)
(44,012)
Net current liabilities
(34,724)
(4,986)
Total assets less current liabilities
(34,724)
1,423
Capital and reserves
Called up share capital
3
99
99
Profit and loss account
(34,823)
1,324
Shareholders' funds
(34,724)
1,423
For the financial Period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
The director acknowledges his 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 16 December 2016
M Gaisford
Director
Company Registration No. 05544941
ABBEY BOOKMAKERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2016
- 2 -
1
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 April 2008).
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:
Fixtures, fittings & equipment
25% on reducing balance
1.5
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable from customers and represents amounts receivable for services net of discounts, VAT and other sales-related taxes.
4
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 January 2015
56,562
Disposals
(56,562)
At 31 March 2016
-
Depreciation
At 1 January 2015
50,153
On disposals
(50,153)
At 31 March 2016
-
Net book value
At 31 March 2016
-
At 31 December 2014
6,409
ABBEY BOOKMAKERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2014
£
£
Allotted, called up and fully paid
66 Ordinary shares of £1 each
66
66
33 Ordinary A shares of £1 each
33
33
99
99