Abbreviated Company Accounts - CASA AMIGOS LTD

Abbreviated Company Accounts - CASA AMIGOS LTD


Registered Number 03997147

CASA AMIGOS LTD

Abbreviated Accounts

31 May 2014

CASA AMIGOS LTD Registered Number 03997147

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 62,830 63,299
62,830 63,299
Current assets
Cash at bank and in hand 2,472 2,211
2,472 2,211
Creditors: amounts falling due within one year (66,148) (66,148)
Net current assets (liabilities) (63,676) (63,937)
Total assets less current liabilities (846) (638)
Provisions for liabilities (600) (400)
Total net assets (liabilities) (1,446) (1,038)
Capital and reserves
Called up share capital 3 52 52
Profit and loss account (1,498) (1,090)
Shareholders' funds (1,446) (1,038)
  • For the year ending 31 May 2014 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 3 February 2015

And signed on their behalf by:
S BEDFORD, Director

CASA AMIGOS LTD Registered Number 03997147

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the value of service charges received by the company from the
company directors.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost of fixed assets, less
their estimated residual value, over their expected useful lives on the following bases:
Fixtures and fittings
15% on reducing balance basis
In the opinion of the directors the market value of the property is in excess of its cost
and therefore no provision for depreciation is necessary.

Other accounting policies
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of
exchange ruling at the balance sheet date. Transactions in foreign currencies are
translated into sterling at the rate ruling on the date of the transaction. Exchange
differences are taken into account in arriving at the operating profit.

2Tangible fixed assets
£
Cost
At 1 June 2013 73,339
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2014 73,339
Depreciation
At 1 June 2013 10,040
Charge for the year 469
On disposals -
At 31 May 2014 10,509
Net book values
At 31 May 2014 62,830
At 31 May 2013 63,299
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
52 Ordinary shares of £1 each 52 52