Ashworth Treasure (BOC) Limited - Abbreviated accounts 16.1

Ashworth Treasure (BOC) Limited - Abbreviated accounts 16.1

ASHWORTH TREASURE (BOC) LIMITED - Company Information

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REGISTERED NUMBER: 04572532 (England and Wales)








Abbreviated Unaudited Accounts for the Year Ended 29 February 2016

for

Ashworth Treasure (BOC) Limited

Ashworth Treasure (BOC) Limited (Registered number: 04572532)






Contents of the Abbreviated Accounts
for the Year Ended 29 February 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Ashworth Treasure (BOC) Limited

Company Information
for the Year Ended 29 February 2016







DIRECTOR: B C O'Cleirigh





SECRETARY: J East





REGISTERED OFFICE: 17-19 Park Street
Lytham
Lancashire
FY8 5LU





REGISTERED NUMBER: 04572532 (England and Wales)





Page 1
Ashworth Treasure (BOC) Limited (Registered number: 04572532)

Abbreviated Balance Sheet
29 February 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 21,539 31,067
Tangible assets 3 14,214 2,058
35,753 33,125

CURRENT ASSETS
Debtors 129,746 114,568
Cash at bank 39,125 52,847
168,871 167,415
CREDITORS
Amounts falling due within one year 72,892 61,463
NET CURRENT ASSETS 95,979 105,952
TOTAL ASSETS LESS CURRENT
LIABILITIES
131,732
139,077

CAPITAL AND RESERVES
Called up share capital 4 200 200
Profit and loss account 131,532 138,877
SHAREHOLDERS' FUNDS 131,732 139,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 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 28 November 2016 and were signed by:





B C O'Cleirigh - Director


The notes form part of these abbreviated accounts

Page 2
Ashworth Treasure (BOC) Limited (Registered number: 04572532)

Notes to the Abbreviated Accounts
for the Year Ended 29 February 2016

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, except in respect of service contracts
where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of fifteen years.

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

Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Debtors
Debtors include the value of contractual work in progress.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015
and 29 February 2016 142,905
AMORTISATION
At 1 March 2015 111,838
Amortisation for year 9,528
At 29 February 2016 121,366
NET BOOK VALUE

At 29 February 2016 21,539
At 28 February 2015 31,067

Page 3 continued...
Ashworth Treasure (BOC) Limited (Registered number: 04572532)

Notes to the Abbreviated Accounts - continued
for the Year Ended 29 February 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2015 10,771
Additions 16,895
At 29 February 2016 27,666
DEPRECIATION
At 1 March 2015 8,713
Charge for year 4,739
At 29 February 2016 13,452
NET BOOK VALUE
At 29 February 2016 14,214
At 28 February 2015 2,058

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 'A' Ordinary £1 100 100
100 'B ' Ordinary £1 100 100
200 200

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

.The company's bank overdraft is guaranteed by the director .

Page 4