Company Registration No. 07933182 (England and Wales)
THE BEEHIVE INN 2012 LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
THE BEEHIVE INN 2012 LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
THE BEEHIVE INN 2012 LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1,999
3,999
Tangible assets
2
11,684
15,578
13,683
19,577
Current assets
Stocks
3,300
3,588
Debtors
5,710
5,710
Cash at bank and in hand
23,931
22,859
32,941
32,157
Creditors: amounts falling due within one year
(29,746)
(33,868)
Net current assets/(liabilities)
3,195
(1,711)
Total assets less current liabilities
16,878
17,866
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
16,778
17,766
Shareholders' funds
16,878
17,866
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 4 November 2016
A J Procter
S Dunne
Director
Director
Company Registration No. 07933182
THE BEEHIVE INN 2012 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 of five years.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets 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 Leasehold
Over the term of the lease
Fixtures, fittings & equipment
25% on reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015 & at 31 March 2016
9,999
34,336
44,335
Depreciation
At 1 April 2015
6,000
18,758
24,758
Charge for the year
2,000
3,894
5,894
At 31 March 2016
8,000
22,652
30,652
Net book value
At 31 March 2016
1,999
11,684
13,683
At 31 March 2015
3,999
15,578
19,577
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100