Linthorpe Bed Centre Limited - Limited company - abbreviated - 11.9
Linthorpe Bed Centre Limited - Limited company - abbreviated - 11.9
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 31 August 2015 |
for |
Linthorpe Bed Centre Limited |
Linthorpe Bed Centre Limited (Registered number: 04492058) |
Contents of the Abbreviated Accounts |
for the year ended 31 August 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Linthorpe Bed Centre Limited |
Company Information |
for the year ended 31 August 2015 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Linthorpe Bed Centre Limited (Registered number: 04492058) |
Abbreviated Balance Sheet |
31 August 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 4 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors on |
Linthorpe Bed Centre Limited (Registered number: 04492058) |
Notes to the Abbreviated Accounts |
for the year ended 31 August 2015 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis,which assumes that the company will continue in |
operational existence for the foreseeable future, which the directors consider to be appropriate. |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective April 2008). |
Exemption from preparing a cash flow statement |
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the |
requirement to prepare such a statement under Financial Reporting Standard 1 Cash flow statements and Financial Reporting |
Standard for Smaller Entities (effective 2008). |
Turnover |
Turnover represents net sales of goods, excluding value added tax. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of the business, is being amortised evenly over its |
estimated useful life of twenty years. |
Tangible fixed assets |
Short leasehold | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable |
value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or |
damaged stock where the net realisable value is less than cost. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
A deferred tax asset is regarded as recoverable, and therefore recognised, only when, on the basis of all available evidence, it |
can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the |
underlying timing differences can be deducted. |
Deferred tax is measured on a non-discounted basis at the average rates that are expected to apply in the periods in which the |
timing differences are expected to reverse, based on the tax rates and laws that have been enacted, or substantively enacted, |
by the balance sheet date |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital |
element of the future payments is treated as a liability. |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are |
charged to the profit and loss account in the period to which they relate. |
Linthorpe Bed Centre Limited (Registered number: 04492058) |
Notes to the Abbreviated Accounts - continued |
for the year ended 31 August 2015 |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2014 |
and 31 August 2015 |
AMORTISATION |
At 1 September 2014 |
Amortisation for year |
At 31 August 2015 |
NET BOOK VALUE |
At 31 August 2015 |
At 31 August 2014 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2014 |
Additions |
At 31 August 2015 |
DEPRECIATION |
At 1 September 2014 |
Charge for year |
At 31 August 2015 |
NET BOOK VALUE |
At 31 August 2015 |
At 31 August 2014 |
4. | CREDITORS |
Creditors include an amount of £ |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |
6. | CONTROL |
The company was under the joint control of the directors in the year under review and the previous year. |