Abbreviated Company Accounts - ABC CATERING AND PARTY EQUIPMENT HIRE LIMITED

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Registered Number 01426042

ABC CATERING AND PARTY EQUIPMENT HIRE LIMITED

Abbreviated Accounts

30 September 2015

ABC CATERING AND PARTY EQUIPMENT HIRE LIMITED Registered Number 01426042

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	660,666	695,867
		660,666	695,867
Current assets
Stocks		55,486	41,246
Debtors		103,508	90,504
Cash at bank and in hand		43	-
		159,037	131,750
Creditors: amounts falling due within one year		(304,220)	(367,678)
Net current assets (liabilities)		(145,183)	(235,928)
Total assets less current liabilities		515,483	459,939
Creditors: amounts falling due after more than one year		(125,394)	(54,815)
Provisions for liabilities		(11,130)	(12,552)
Total net assets (liabilities)		378,959	392,572
Capital and reserves
Called up share capital	3	8,000	8,000
Revaluation reserve		216,886	216,886
Profit and loss account		154,073	167,686
Shareholders' funds		378,959	392,572

For the year ending 30 September 2015 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 11 May 2016

And signed on their behalf by:
Mr C J Newton, Director

ABC CATERING AND PARTY EQUIPMENT HIRE LIMITED Registered Number 01426042

Notes to the Abbreviated Accounts for the period ended 30 September 2015

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 revenue recognised in the accounts. Revenue is recognised when the company fulfills its contractual obligations to customers by supplying goods and services and excludes value added tax. Where services are performed gradually over time revenue is recognised as activity progresses by reference to the value of the work performed.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold Property - 2% on cost
Plant & Machinery - 25% on reducing balance
Fixtures & Fittings - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer Equipment - 25% on cost
Buildings - 25% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 October 2014	1,142,844
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	1,142,844
Depreciation
At 1 October 2014	446,977
Charge for the year	35,201
On disposals	-
At 30 September 2015	482,178
Net book values
At 30 September 2015	660,666
At 30 September 2014	695,867

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
8,000 Ordinary shares of £1 each	8,000	8,000