Company Registration No. 04405898 (England and Wales)
Bridlington Cash and Carry Limited
Abbreviated Accounts
For The Year Ended 9 January 2016
BRIDLINGTON CASH AND CARRY LIMITED
Bridlington Cash and Carry Limited
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
BRIDLINGTON CASH AND CARRY LIMITED
Bridlington Cash and Carry Limited
ABBREVIATED BALANCE SHEET
AS AT
09 JANUARY 2016
09 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
197,666
217,195
Investments
2
7,500
7,500
205,166
224,695
Current assets
Stocks
171,971
152,306
Debtors
143,128
143,827
Cash at bank and in hand
20,908
22,424
336,007
318,557
Creditors: amounts falling due within one year
(250,880)
(207,717)
Net current assets
85,127
110,840
Total assets less current liabilities
290,293
335,535
Creditors: amounts falling due after more than one year
(48,966)
(71,932)
Provisions for liabilities
(23,000)
(26,000)
218,327
237,603
Capital and reserves
Called up share capital
3
20,000
20,000
Share premium account
140,840
140,840
Profit and loss account
57,487
76,763
Shareholders' funds
218,327
237,603
BRIDLINGTON CASH AND CARRY LIMITED
Bridlington Cash and Carry Limited
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
09 JANUARY 2016
09 January 2016
- 2 -
For the financial year ended 9 January 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 members have not required the company to obtain an audit of its financial statements for the year 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 20 September 2016
Mr S N Williams
Director
Company Registration No. 04405898
BRIDLINGTON CASH AND CARRY LIMITED
Bridlington Cash and Carry Limited
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 9 JANUARY 2016
- 3 -
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 January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Buildings freehold
2% reducing balance
Computer equipment
20% straight line
Fixtures, fittings and equipment
10% reducing balance/20% straight line
Motor vehicles
20% reducing balance
1.4
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
1.7
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.8
Deferred taxation
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.
BRIDLINGTON CASH AND CARRY LIMITED
Bridlington Cash and Carry Limited
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 9 JANUARY 2016
- 4 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 11 January 2015
464,707
7,500
472,207
Additions
31,977
-
31,977
At 9 January 2016
496,684
7,500
504,184
Depreciation
At 11 January 2015
247,512
-
247,512
Charge for the year
51,506
-
51,506
At 9 January 2016
299,018
-
299,018
Net book value
At 9 January 2016
197,666
7,500
205,166
At 10 January 2015
217,195
7,500
224,695
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10,000 Ordinary shares of £1 each
10,000
10,000
10,000 "A" Ordinary shares of £1 each
10,000
10,000
20,000
20,000