Abbreviated Company Accounts - THE SPORTS BAR AND LOUNGE LIMITED

Abbreviated Company Accounts - THE SPORTS BAR AND LOUNGE LIMITED

THE SPORTS BAR AND LOUNGE LIMITED - Company Information

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Registered Number 08627596

THE SPORTS BAR AND LOUNGE LIMITED

Abbreviated Accounts

31 July 2014

THE SPORTS BAR AND LOUNGE LIMITED Registered Number 08627596

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014
£
Fixed assets
Intangible assets 2 3,699
3,699
Current assets
Stocks 3,675
Debtors 5,075
Cash at bank and in hand 18,877
27,627
Creditors: amounts falling due within one year (13,075)
Net current assets (liabilities) 14,552
Total assets less current liabilities 18,251
Total net assets (liabilities) 18,251
Capital and reserves
Called up share capital 100
Profit and loss account 18,151
Shareholders' funds 18,251
  • For the year ending 31 July 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 29 May 2015

And signed on their behalf by:
Mr Peter Revell, Director

THE SPORTS BAR AND LOUNGE LIMITED Registered Number 08627596

Notes to the Abbreviated Accounts for the period ended 31 July 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 represents takings excluding value added tax

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation
Depreciation is calculated so as to write off the cost of the relevant assets over their estimated useful lives. The rate of depreciation is 15% on a reducing balance method

2Intangible fixed assets
£
Cost
Additions 4,349
Disposals -
Revaluations -
Transfers -
At 31 July 2014 4,349
Amortisation
Charge for the year 650
On disposals -
At 31 July 2014 650
Net book values
At 31 July 2014 3,699