Company Registration No. 05781425 (England and Wales)
A BAYMAN BUTCHERS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
A BAYMAN BUTCHERS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
A BAYMAN BUTCHERS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
60,000
60,000
Tangible assets
2
41,836
26,681
101,836
86,681
Current assets
Stocks
8,720
9,980
Debtors
259,143
1,240
Cash at bank and in hand
295,343
473,652
563,206
484,872
Creditors: amounts falling due within one year
(135,856)
(91,293)
Net current assets
427,350
393,579
Total assets less current liabilities
529,186
480,260
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
528,986
480,060
Shareholders' funds
529,186
480,260
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 22 December 2016
Mr Anthony Bayman
Director
Company Registration No. 05781425
A BAYMAN BUTCHERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
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
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Land and buildings Freehold
Fixtures, fittings & equipment
15% Reducing Balance
Motor vehicles
20% Reducing Balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
60,000
55,927
115,927
Additions
-
23,742
23,742
Disposals
-
(17,120)
(17,120)
At 31 March 2016
60,000
62,549
122,549
Depreciation
At 1 April 2015
-
29,246
29,246
On disposals
-
(14,325)
(14,325)
Charge for the year
-
5,792
5,792
At 31 March 2016
-
20,713
20,713
Net book value
At 31 March 2016
60,000
41,836
101,836
At 31 March 2015
60,000
26,681
86,681
A BAYMAN BUTCHERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
200 Ordinary Shares of £1 each
200
200