Sherborne Publications Ltd
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Registered number: |
02652964
|
Abbreviated Balance Sheet |
as at 31 March 2016
|
|
|
|
Notes |
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|
2016 |
|
|
2015 |
£ |
£ |
|
|
Fixed assets |
Tangible assets |
2 |
|
|
17,350 |
|
|
2,431 |
|
Current assets |
Debtors |
|
|
66,998 |
|
|
118,410 |
Bank |
|
|
3,585 |
|
|
5,665 |
|
|
|
70,583 |
|
|
124,075 |
Creditors: amounts falling due within one year |
|
|
(449,102) |
|
|
(446,400) |
|
Net current liabilities |
|
|
|
(378,519) |
|
|
(322,325) |
|
Net liabilities |
|
|
|
(361,169) |
|
|
(319,894) |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(361,269) |
|
|
(319,994) |
|
Shareholders' funds |
|
|
|
(361,169) |
|
|
(319,894) |
|
|
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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The accounts were approved by the directors on 29 July 2016
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|
|
|
|
|
S L Caldwell |
Director |
|
Sherborne Publications Ltd
|
Notes to the Abbreviated Accounts |
for the year ended 31 March 2016
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|
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
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The accounts are prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future although its current liabilities exceed its total assets at the balance sheet date and at the date of approval of the accounts by the directors. In the opinion of the directors the accounts would not be materially different on any other basis than the going concern basis. |
|
|
Turnover |
|
Turnover represents the value of goods sold and services provided, net of value added tax.
|
|
|
Depreciation |
|
Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as follows: |
|
Computer equipment |
33% per annum straight line basis
|
|
Other equipment and van |
25% per annum straight line basis
|
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
48,858 |
|
Additions |
23,134 |
|
Disposals |
(38,183) |
|
At 31 March 2016 |
33,809 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
46,427 |
|
Charge for the year |
8,215 |
|
On disposals |
(38,183) |
|
At 31 March 2016 |
16,459 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
17,350 |
|
At 31 March 2015 |
2,431 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
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