Registered Number 02841385

ABBOTSWOOD LODGE LTD.

Abbreviated Accounts

31 August 2016

ABBOTSWOOD LODGE LTD. Registered Number 02841385

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 234,807 256,154
Tangible assets 3 956,929 957,710
1,191,736 1,213,864
Current assets
Debtors 10 5
Cash at bank and in hand 133,586 142,082
133,596 142,087
Creditors: amounts falling due within one year 4 (224,470) (247,217)
Net current assets (liabilities) (90,874) (105,130)
Total assets less current liabilities 1,100,862 1,108,734
Creditors: amounts falling due after more than one year 4 (443,422) (533,968)
Total net assets (liabilities) 657,440 574,766
Capital and reserves
Called up share capital 5 4 4
Profit and loss account 657,436 574,762
Shareholders' funds 657,440 574,766
  • For the year ending 31 August 2016 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 14 February 2017

And signed on their behalf by:
S SAEED, Director

ABBOTSWOOD LODGE LTD. Registered Number 02841385

Notes to the Abbreviated Accounts for the period ended 31 August 2016

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.

Turnover policy
Turnover represents the total invoice value of sales made during the period and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - Nil
Fixtures, fittings and equipment - 20% reducing balance
Motor vehicles - 20% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal instalments over its estimated useful economic life of 20 years.

2Intangible fixed assets
£
Cost
At 1 September 2015 426,930
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 426,930
Amortisation
At 1 September 2015 170,776
Charge for the year 21,347
On disposals -
At 31 August 2016 192,123
Net book values
At 31 August 2016 234,807
At 31 August 2015 256,154
3Tangible fixed assets
£
Cost
At 1 September 2015 966,247
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 966,247
Depreciation
At 1 September 2015 8,537
Charge for the year 781
On disposals -
At 31 August 2016 9,318
Net book values
At 31 August 2016 956,929
At 31 August 2015 957,710
4Creditors
2016
£		 2015
£
Instalment debts due after 5 years - 64,684
5Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
4 Ordinary shares of £1 each 4 4