Bowring Park News Ltd - Limited company - abbreviated - 11.6

Bowring Park News Ltd

Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N McKie

REGISTERED OFFICE:

Unit 27

Meridian Business Village

Hansby Drive

Liverpool

Merseyside

L24 9LG

REGISTERED NUMBER:

07627683 (England and Wales)

ACCOUNTANTS:

Sue Matthews & Co Ltd

Chartered Accountants & Registered Auditors

Unit 27

Meridian Business Village

Hansby Drive

Liverpool

Merseyside

L24 9LG

FIXED ASSETS

Intangible assets

2

78,271

82,875

Tangible assets

3

2,304

2,880

80,575

85,755

CURRENT ASSETS

Stocks

5,800

7,009

Debtors

1,934

1,812

Cash in hand

600

2,840

8,334

11,661

CREDITORS

Amounts falling due within one year

21,069

19,200

NET CURRENT LIABILITIES

(12,735

)

(7,539

)

TOTAL ASSETS LESS CURRENT LIABILITIES

67,840

78,216

CREDITORS

Amounts falling due after more than one year

71,035

78,164

NET (LIABILITIES)/ASSETS

(3,195

)

52

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

(3,196

)

51

SHAREHOLDERS' FUNDS

(3,195

)

52

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 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 9 December 2014 and were signed by:

N McKie - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, 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

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

92,083

AMORTISATION

At 1 June 2013

9,208

Amortisation for year

4,604

At 31 May 2014

13,812

NET BOOK VALUE

At 31 May 2014

78,271

At 31 May 2013

82,875

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

4,500

DEPRECIATION

At 1 June 2013

1,620

Charge for year

576

At 31 May 2014

2,196

NET BOOK VALUE

At 31 May 2014

2,304

At 31 May 2013

2,880

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1