Alcatraz Gun Company Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08123172 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Alcatraz Gun Company Ltd

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

1,659

2,212

CURRENT ASSETS

Stocks

87,811

93,980

Debtors

1,231

179

Cash at bank

11,236

3,795

100,278

97,954

CREDITORS

Amounts falling due within one year

141,593

131,236

NET CURRENT LIABILITIES

(41,315

)

(33,282

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(39,656

)

(31,070

)

RESERVES

Profit and loss account

(39,656

)

(31,070

)

(39,656

)

(31,070

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 25 February 2016 and were signed on its behalf by:

Mr R A Carter - 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, excluding value added tax.

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

-

25% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

3,366

DEPRECIATION

At 1 July 2014

1,154

Charge for year

553

At 30 June 2015

1,707

NET BOOK VALUE

At 30 June 2015

1,659

At 30 June 2014

2,212