Stormdog Limited - Abbreviated accounts 16.1

Stormdog Limited - Abbreviated accounts 16.1

STORMDOG LIMITED - Company Information

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REGISTERED NUMBER: 03830518 (England and Wales)












ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

STORMDOG LIMITED

STORMDOG LIMITED (REGISTERED NUMBER: 03830518)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the year ended 31 August 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

STORMDOG LIMITED

COMPANY INFORMATION
for the year ended 31 August 2016







DIRECTOR: Mr B C Elsley





SECRETARY: Poundmore Limited





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 03830518 (England and Wales)





ACCOUNTANTS: Raffingers
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD
Page 1
STORMDOG LIMITED (REGISTERED NUMBER: 03830518)

ABBREVIATED BALANCE SHEET
31 August 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 4,960 6,201
Investments 3 60,579 38,479
65,539 44,680

CURRENT ASSETS
Debtors 9,734 37,959
Cash at bank and in hand 30,425 114,899
40,159 152,858
CREDITORS
Amounts falling due within one year 46,525 72,672
NET CURRENT (LIABILITIES)/ASSETS (6,366 ) 80,186
TOTAL ASSETS LESS CURRENT
LIABILITIES
59,173
124,866

PROVISIONS FOR LIABILITIES 781 1,283
NET ASSETS 58,392 123,583

CAPITAL AND RESERVES
Called up share capital 4 1,400 1,400
Capital redemption reserve 1 1
Profit and loss account 56,991 122,182
SHAREHOLDERS' FUNDS 58,392 123,583

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 notes form part of these abbreviated accounts

Page 2 continued...
STORMDOG LIMITED (REGISTERED NUMBER: 03830518)

ABBREVIATED BALANCE SHEET - continued
31 August 2016


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 9 December 2016 and were signed by:





Mr B C Elsley - Director


The notes form part of these abbreviated accounts

Page 3
STORMDOG LIMITED (REGISTERED NUMBER: 03830518)

NOTES TO THE ABBREVIATED ACCOUNTS
for the year ended 31 August 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 fees receivable, 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.

Office equipment - 20% on reducing balance
Fixtures and fittings - 20% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015
and 31 August 2016 36,139
DEPRECIATION
At 1 September 2015 29,938
Charge for year 1,241
At 31 August 2016 31,179
NET BOOK VALUE
At 31 August 2016 4,960
At 31 August 2015 6,201

Page 4 continued...
STORMDOG LIMITED (REGISTERED NUMBER: 03830518)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the year ended 31 August 2016

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 September 2015 38,479
Additions 22,100
At 31 August 2016 60,579
NET BOOK VALUE
At 31 August 2016 60,579
At 31 August 2015 38,479

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
100 Ordinary D £1 100 100
1,400 1,400

5. RELATED PARTY DISCLOSURES

Included in other creditors due within one year is a director's loan account balance of £2,420 (2015: £1,597) due
to Mr B C Elsley. The loan is interest free and repayable over no fixed period. During the year interim dividends
of £214,600 (2015: £256,600) were paid to the director and connected parties.

During the previous year the company received fees and expenses from Balloon Entertainment Limited, a
company in which Mr B C Elsley is a director and shareholder, of £58,000 on normal commercial terms.

Page 5