Company Registration No. 04578663 (England and Wales)
RAGS @ BURTON GRANGE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2016
RAGS @ BURTON GRANGE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
RAGS @ BURTON GRANGE LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
5,465
5,824
Current assets
Cash at bank and in hand
6,404
2,491
Creditors: amounts falling due within one year
(37,026)
(18,337)
Net current liabilities
(30,622)
(15,846)
Total assets less current liabilities
(25,157)
(10,022)
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
(25,257)
(10,122)
Shareholder's funds
(25,157)
(10,022)
For the financial year ended 30 April 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 member has 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 27 January 2017
C Elliott
Director
Company Registration No. 04578663
RAGS @ BURTON GRANGE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 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
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 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
5% Reducing Balance Method
Fixtures, fittings & equipment
15% reducing balance method.
1.4
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2015 & at 30 April 2016
13,377
Depreciation
At 1 May 2015
7,553
Charge for the year
359
At 30 April 2016
7,912
Net book value
At 30 April 2016
5,465
At 30 April 2015
5,824
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100