Abbreviated Company Accounts - ELEPHANTS IN MAIN STREET LIMITED
Abbreviated Company Accounts - ELEPHANTS IN MAIN STREET LIMITED
Registered Number 06348578
ELEPHANTS IN MAIN STREET LIMITED
Abbreviated Accounts
31 August 2015
ELEPHANTS IN MAIN STREET LIMITED Registered Number 06348578
Abbreviated Balance Sheet as at 31 August 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Current assets | |||
Debtors |
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Cash at bank and in hand |
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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 31 August 2015 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:
ELEPHANTS IN MAIN STREET LIMITED Registered Number 06348578
Notes to the Abbreviated Accounts for the period ended 31 August 2015
1Accounting Policies
Basis of measurement and preparation of accounts
The accounts have been prepared on the going concern basis as financial support has been provided by the director who has confirmed that this support will be ongoing.
Turnover policy
Other accounting policies
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains and losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to any equity instrument are debited direct to equity.