Abbreviated Company Accounts - 3R AINSLEY STREET LIMITED
Abbreviated Company Accounts - 3R AINSLEY STREET LIMITED
Registered Number 09568769
3R AINSLEY STREET LIMITED
Abbreviated Accounts
30 June 2016
3R AINSLEY STREET LIMITED Registered Number 09568769
Abbreviated Balance Sheet as at 30 June 2016
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£ | |||
Current assets | |||
Stocks |
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Debtors |
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Creditors: amounts falling due within one year |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
( |
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Shareholders' funds |
( |
For the year ending 30 June 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
And signed on their behalf by:
3R AINSLEY STREET LIMITED Registered Number 09568769
Notes to the Abbreviated Accounts for the period ended 30 June 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Basis of preparation
Notwithstanding the company's total net liabilities the financial statements have been prepared on the going concern basis which assumes the continued financial support of the company's director and connected company.
Accordingly, the financial statements have been prepared on the going concern basis. If the going concern basis proved to be invalid, the financial statements would have to be prepared on a break up basis in which the balance sheet would be restated to include all assets at their estimated realisable values and all liabilities would become current and would have to be increased to include those liabilities contingent on the cessation of trade.
Other accounting policies
Stocks and work in progress are valued at the lower of cost and net realisable value.