Abbreviated Company Accounts - BORN READY GAMES LIMITED

Abbreviated Company Accounts - BORN READY GAMES LIMITED


Registered Number 07992884

BORN READY GAMES LIMITED

Abbreviated Accounts

28 February 2016

BORN READY GAMES LIMITED Registered Number 07992884

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 - -
- -
Current assets
Debtors 98,997 32,909
Cash at bank and in hand 73,441 46,703
172,438 79,612
Creditors: amounts falling due within one year (766,017) (870,346)
Net current assets (liabilities) (593,579) (790,734)
Total assets less current liabilities (593,579) (790,734)
Provisions for liabilities (25,000) (80,000)
Total net assets (liabilities) (618,579) (870,734)
Capital and reserves
Called up share capital 3 200 200
Profit and loss account (618,779) (870,934)
Shareholders' funds (618,579) (870,734)
  • For the year ending 28 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 2 November 2016

And signed on their behalf by:
C A Mehers, Director

BORN READY GAMES LIMITED Registered Number 07992884

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Computer equipment 50% on cost

Other accounting policies
Taxation
Current tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Going Concern
These financial statements have been prepared on a going concern basis notwithstanding the company's net current liabilities. The directors consider that this is appropriate as they are confident that with their continued support, the company can remain in operational existence for the foreseeable future.

2Tangible fixed assets
£
Cost
At 1 March 2015 1,976
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2016 1,976
Depreciation
At 1 March 2015 1,976
Charge for the year -
On disposals -
At 28 February 2016 1,976
Net book values
At 28 February 2016 0
At 28 February 2015 0
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
20,000 Ordinary shares of £0.01 each 200 200