Twenty Twenty Two Bars Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 09106707 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 30 June 2014 to 30 June 2015

for

Twenty Twenty Two Bars Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A J Haygarth

REGISTERED OFFICE:

13 Twyford Close

Manchester

Greater Manchester

M20 2YR

REGISTERED NUMBER:

09106707 (England and Wales)

ACCOUNTANTS:

Sawyer Quine & Co

202 Merlin Park

Ringtail Road

Burscough

Ormskirk

Lancashire

L40 8JY

FIXED ASSETS

Intangible assets

2

162,697

Tangible assets

3

66,009

228,706

CURRENT ASSETS

Stocks

5,991

Debtors

20,606

Cash at bank and in hand

27,594

54,191

CREDITORS

Amounts falling due within one year

206,601

NET CURRENT LIABILITIES

(152,410

)

TOTAL ASSETS LESS CURRENT LIABILITIES

76,296

CREDITORS

Amounts falling due after more than one year

45,220

NET ASSETS

31,076

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

30,976

SHAREHOLDERS' FUNDS

31,076

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

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

The director acknowledges his 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 director on 22 March 2016 and were signed by:

A J Haygarth - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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

-

15% on cost

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

175,889

At 30 June 2015

175,889

AMORTISATION

Amortisation for period

13,192

At 30 June 2015

13,192

NET BOOK VALUE

At 30 June 2015

162,697

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

74,216

At 30 June 2015

74,216

DEPRECIATION

Charge for period

8,207

At 30 June 2015

8,207

NET BOOK VALUE

At 30 June 2015

66,009

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1.00

100