| 2nd Bounce Limited |
| Registered number: |
06815354 |
| Abbreviated Balance Sheet |
| as at 29 February 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed Assets |
| Tangible Assets |
2 |
|
|
1,663 |
|
|
2,218 |
| Investments |
3 |
|
|
272,500 |
|
|
232,500 |
|
|
|
|
274,163 |
|
|
234,718 |
|
| Current Assets |
| Bank and Cash |
|
|
176,500 |
|
|
203,219 |
|
| Creditors: Due Within One Year |
|
|
(328,314) |
|
|
(281,485) |
|
| Net Current liabilities |
|
|
|
(151,814) |
|
|
(78,266) |
|
| Net Assets |
|
|
|
122,349 |
|
|
156,452 |
|
|
|
|
|
|
|
|
| Capital and Reserves |
| Called up Share Capital |
4 |
|
|
12 |
|
|
12 |
| Profit and Loss Account |
|
|
|
122,337 |
|
|
156,440 |
|
| Shareholders' Funds |
|
|
|
122,349 |
|
|
156,452 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
| _____________________ |
| Carl Dolan |
| Director |
| Approved by the board on 28 November 2016 |
|
| 2nd Bounce Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 29 February 2016 |
|
| 1 |
Accounting Policies |
|
|
Basis of Preparation |
|
The accounts 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 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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office Equipment |
25% reducing balance |
|
|
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. The scheme and its assets are held by independent fund managers. |
|
|
| 2 |
Tangible Fixed Assets |
£ |
|
|
Cost |
|
At 1 March 2015 |
5,391 |
|
At 29 February 2016 |
5,391 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2015 |
3,173 |
|
Charge for the year |
555 |
|
At 29 February 2016 |
3,728 |
|
|
|
|
|
|
|
|
Net Book Values |
|
At 29 February 2016 |
1,663 |
|
At 28 February 2015 |
2,218 |
|
|
|
|
|
|
|
|
| 3 |
Investments |
£ |
|
|
Cost |
|
At 1 March 2015 |
232,500 |
|
Additions |
40,000 |
|
|
At 29 February 2016 |
272,500 |
|
|
|
|
|
|
|
|
| 4 |
Share Capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, Called up and Fully Paid: |
|
Ordinary Shares |
£1 each |
|
12 |
|
12 |
|
12 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Related Party Transactions |
2016 |
|
2015 |
|
|
Carl Dolan |
£ |
£ |
|
Director and controlling party by virtue of his ownership of 75% of the issued ordinary share capital |
|
Dividends paid in Year |
81,000 |
|
80,250 |
|
|
|
|
|
|
|
|
|
|
The company has made the following investment in Growth Property Solutions Ltd, a company in which Carl owns 50% of the issued share capital. |
|
272,500 |
|
232,500 |
|
|
|
|
|
|
|
|
|
