Abbreviated Company Accounts - ANGUS O'MALLEY'S SPORTS BAR LIMITED

ANGUS O'MALLEY'S SPORTS BAR LIMITED - Company Information

Registered Number SC239676

ANGUS O'MALLEY'S SPORTS BAR LIMITED

Abbreviated Accounts

12 December 2013

ANGUS O'MALLEY'S SPORTS BAR LIMITED Registered Number SC239676

Abbreviated Balance Sheet as at 12 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Intangible assets	2	35,705	35,705
Tangible assets	3	110,080	118,074
		145,785	153,779
Current assets
Stocks		5,000	4,950
Debtors		2,050	2,050
Cash at bank and in hand		5,915	-
		12,965	7,000
Creditors: amounts falling due within one year		(82,119)	(75,043)
Net current assets (liabilities)		(69,154)	(68,043)
Total assets less current liabilities		76,631	85,736
Creditors: amounts falling due after more than one year		(50,742)	(57,572)
Provisions for liabilities		(1,069)	(1,069)
Total net assets (liabilities)		24,820	27,095
Capital and reserves
Called up share capital		6,000	6,000
Profit and loss account		18,820	21,095
Shareholders' funds		24,820	27,095

For the year ending 12 December 2013 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 11 September 2014

And signed on their behalf by:
Marcus Barnett, Director

ANGUS O'MALLEY'S SPORTS BAR LIMITED Registered Number SC239676

Notes to the Abbreviated Accounts for the period ended 12 December 2013

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 the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:

Land and buildings: straight line over 50 years
Fixtures, fittings and equipment: 15% reducing balance
Motor vehicles: 25% reducing balance

Valuation information and policy
Stock is valued at the lower of cost or net realisable value.

2Intangible fixed assets

	£
Cost
At 13 December 2012	35,705
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 12 December 2013	35,705
Amortisation
At 13 December 2012	-
Charge for the year	-
On disposals	-
At 12 December 2013	-
Net book values
At 12 December 2013	35,705
At 12 December 2012	35,705

3Tangible fixed assets

	£
Cost
At 13 December 2012	192,105
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 12 December 2013	192,105
Depreciation
At 13 December 2012	74,031
Charge for the year	7,994
On disposals	-
At 12 December 2013	82,025
Net book values
At 12 December 2013	110,080
At 12 December 2012	118,074