Phoenix Bowl Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04140347 (England and Wales)

PHOENIX BOWL LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

114,729

146,576

CURRENT ASSETS

Stocks

26,021

25,710

Debtors

11,905

15,390

Cash at bank and in hand

61,024

58,621

98,950

99,721

CREDITORS

Amounts falling due within one year

3

63,005

64,403

NET CURRENT ASSETS

35,945

35,318

TOTAL ASSETS LESS CURRENT LIABILITIES

150,674

181,894

CREDITORS

Amounts falling due after more than one year

3

(107,000

)

(122,100

)

PROVISIONS FOR LIABILITIES

(9,903

)

(13,955

)

NET ASSETS

33,771

45,839

CAPITAL AND RESERVES

Called up share capital

4

20,000

20,000

Profit and loss account

13,771

25,839

SHAREHOLDERS' FUNDS

33,771

45,839

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 15 March 2016 and were signed on its behalf by:

Mr G Dalton - 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 has been computed to write off the cost of tangible fixed assets over their expected

useful lives using the following rates:

Leasehold property - over 15 years

Other assets - between 3 to 15 years.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

969,582

Additions

823

At 30 June 2015

970,405

DEPRECIATION

At 1 July 2014

823,006

Charge for year

32,670

At 30 June 2015

855,676

NET BOOK VALUE

At 30 June 2015

114,729

At 30 June 2014

146,576

3.

CREDITORS

Creditors include an amount of £ 9,925 (2014 - £ 20,709 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

20,000

Ordinary

£1

20,000

20,000