A & H GO-KARTS LTD

Company Registration Number:
06907322 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 June 2015

End date: 31 May 2016

A & H GO-KARTS LTD

Abbreviated Balance sheet

As at 31 May 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 43 87
Total fixed assets: 43 87
Current assets
Cash at bank and in hand: 6,601 5,684
Total current assets: 6,601 5,684
Net current assets (liabilities): 6,601 5,684
Total assets less current liabilities: 6,644 5,771
Creditors: amounts falling due after more than one year: 3 ( 46,885 ) ( 56,398 )
Total net assets (liabilities): ( 40,241 ) ( 50,627 )

The notes form part of these financial statements

A & H GO-KARTS LTD

Balance sheet continued

As at 31 May 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 4 1,000 1,000
Profit and loss account: ( 41,241 ) ( 51,627 )
Shareholders funds: ( 40,241 ) ( 50,627 )

For the year ending 31 May 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 24 February 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Helen Lesley Bisi
Status: Director

The notes form part of these financial statements

A & H GO-KARTS LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    ACCOUNTING POLICIES
    Basis of preparing the financial statements.
    The financial statements have been prepared on a going concern basis. The applicability of which is dependent on the support of the creditors and financiers of the company.
    ACCOUNTING CONVENTION
    The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities.

    Turnover policy

    Turnover represents net invoiced sales of services. Revenue is recognised on the date the service is provided.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
    Motor Vehicles - straight line over 5 years, Plant and Machinery - straight line over 5 years

    Intangible fixed assets amortisation policy

    Depreciation is provided at the following annual rate in order to write off the asset over its estimated useful life.
    Franchise Fee - straight line over 5 years

A & H GO-KARTS LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2016

  • 2. Tangible assets

    Total
    Cost £
    01 June 2015: 24,599
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 May 2016: 24,599
    Depreciation
    01 June 2015: 24,512
    Charge for year: 44
    On disposals: 0
    Other adjustments: 0
    31 May 2016: 24,556
    Net book value
    31 May 2016: 43
    31 May 2015: 87

A & H GO-KARTS LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2016

  • 3. Creditors: amounts falling due after more than one year


    2016
    £
    2015
    £
    Other creditors: 46,885 56,398
    Total: 46,885 56,398

    BASIS OF PREPARATION
    The financial statements have been prepared on a going concern basis, the applicability of which is dependent upon the continued support of the company's creditors and financiers. At the balance sheet date the total liabilities exceeded the total assets by £40,241 and the company made a profit of £10,386 in 2016 trading year end, and a cumulative loss of £41,241. In the opinion of the directors the company has the continued support of it's creditors and financiers for the foreseeable future, and therefore considers it appropriate to adopt the going concern policy.

A & H GO-KARTS LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2016

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1,000 1.00 1,000
    Preference shares: 0
    Total share capital (£): 1,000
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1,000 1.00 1,000
    Preference shares: 0
    Total share capital (£): 1,000

A & H GO-KARTS LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2016

  • 5. Related party disclosures

    Name of the ultimate controlling party during the period: H L Bisi
    Name of related party: H L Bisi
    Relationship: Director and Shareholder
    Description of the transaction Loan guaranteed by director
    Balance at 01 June 2015 56,398
    Balance at 31 May 2016 46,885

    Additional information

    Related Party Disclosures: - Included within Creditors due over one year is an amount of £46,885 owed to director H L Bisi. This balance is due to the director financing the transactions of the company.