Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Phoenix Cue Sports Limited
Contents
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Phoenix Cue Sports Limited
(Registration number: 06003450)
Abbreviated Balance Sheet at 30 November 2016
Note |
2016
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(As restated)
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
.........................................
Mr S Lally
Director
1
Phoenix Cue Sports Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued
Accounting policies |
Basis of preparation
Changes in accounting policy
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Turnover
Depreciation
The company changed the estimate of useful ecomonic life of it's Freehold land and buildings and has altered the depreciation policy from 4% straight line to 2% straight line for the year. The effects on the results for the year was to reduce the depreciation charge from £8,080 to £4,500.
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold property |
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Fixtures and fittings |
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Stock
Deferred tax
Hire purchase and leasing
Phoenix Cue Sports Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued
Financial instruments
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 December 2015 |
379,077 |
379,077 |
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Additions |
4,670 |
4,670 |
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Disposals |
(750) |
(750) |
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At 30 November 2016 |
382,997 |
382,997 |
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Depreciation |
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At 1 December 2015 |
43,528 |
43,528 |
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Charge for the year |
8,283 |
8,283 |
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Eliminated on disposals |
(506) |
(506) |
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Writeback to recoverable amount |
(4,500) |
(4,500) |
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At 30 November 2016 |
46,805 |
46,805 |
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Net book value |
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At 30 November 2016 |
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At 30 November 2015 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due within one year |
9,315 |
- |
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Amounts falling due after more than one year |
216,906 |
224,974 |
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Total secured creditors |
226,221 |
224,974 |
Included in the creditors are the following amounts due after more than five years:
Phoenix Cue Sports Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued
2016
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2015
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Prior period adjustments |