Abbey Lodge (Sunderland) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05067876 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Abbey Lodge (Sunderland) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr G Conlon

Miss P Cowans

REGISTERED OFFICE:

115 Chester Road

Sunderland

Tyne and Wear

SR4 7HG

REGISTERED NUMBER:

05067876 (England and Wales)

ACCOUNTANTS:

Michael Adamson & Co

Chartered Certified Acc'ts

115 Chester Road

Sunderland

SR4 7HG

FIXED ASSETS

Intangible assets

2

2,202

2,475

Tangible assets

3

2,780

3,708

4,982

6,183

CURRENT ASSETS

Debtors

4,309

3,214

Cash at bank and in hand

5,864

6,471

10,173

9,685

CREDITORS

Amounts falling due within one year

11,068

11,054

NET CURRENT LIABILITIES

(895

)

(1,369

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,087

4,814

PROVISIONS FOR LIABILITIES

343

482

NET ASSETS

3,744

4,332

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

3,644

4,232

SHAREHOLDERS' FUNDS

3,744

4,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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 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 Board of Directors on 31 December 2016 and were
signed on its behalf by:

Miss P Cowans - Director

Mr G Conlon - 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 fees received in return for providing accommodation to clients

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

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

Deferred tax

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

reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

5,450

AMORTISATION

At 1 April 2015

2,975

Amortisation for year

273

At 31 March 2016

3,248

NET BOOK VALUE

At 31 March 2016

2,202

At 31 March 2015

2,475

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

24,572

DEPRECIATION

At 1 April 2015

20,864

Charge for year

928

At 31 March 2016

21,792

NET BOOK VALUE

At 31 March 2016

2,780

At 31 March 2015

3,708

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary shares

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

31 March 2016 and 31 March 2015:

31.3.16

31.3.15

£

Mr G Conlon and Miss P Cowans

Balance outstanding at start of year

5,173

7,109

Amounts repaid

(1,798

)

(1,936

)

Balance outstanding at end of year

3,375

5,173