Ground Zero Bars Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07444709 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2015

for

Ground Zero Bars Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Stevens

SECRETARY:

M Stevens

REGISTERED OFFICE:

Black Barn

Gay Dawn Farm

Valley Road

Fawkham

Kent

DA3 8LY

REGISTERED NUMBER:

07444709 (England and Wales)

ACCOUNTANTS:

Haxell Giddings Limited

Black Barn

Valley Road

Fawkham

Kent

DA3 8LY

FIXED ASSETS

Tangible assets

2

6,005

4,696

CURRENT ASSETS

Stocks

9,500

9,345

Debtors

4,089

373

Cash at bank

80,808

27,446

94,397

37,164

CREDITORS

Amounts falling due within one year

77,405

34,390

NET CURRENT ASSETS

16,992

2,774

TOTAL ASSETS LESS CURRENT LIABILITIES

22,997

7,470

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

22,996

7,469

SHAREHOLDERS' FUNDS

22,997

7,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 May 2016 and were signed by:

M Stevens - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

11,183

Additions

2,676

At 30 November 2015

13,859

DEPRECIATION

At 1 December 2014

6,487

Charge for year

1,367

At 30 November 2015

7,854

NET BOOK VALUE

At 30 November 2015

6,005

At 30 November 2014

4,696

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary

£1

1