Liosmor Bar Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC427331 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2015

for

LIOSMOR BAR LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Directors:

C M Beattie

C Gallagher

Registered office:

Lismore Bar

Dumbarton Road

Strathclyde

Glasgow

G11 6UN

Registered number:

SC427331 (Scotland)

Accountants:

Haines Watts Manchester Limited

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Tangible assets

2

4,820

5,066

Current assets

Stocks

20,266

10,000

Debtors

209,544

70,964

Cash at bank and in hand

5,488

4,358

235,298

85,322

Creditors

Amounts falling due within one year

209,401

90,057

Net current assets/(liabilities)

25,897

(4,735

)

Total assets less current liabilities

30,717

331

Capital and reserves

Called up share capital

3

1

1

Profit and loss account

30,716

330

Shareholders' funds

30,717

331

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 30 March 2016 and were signed on its behalf by:

C M Beattie - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% 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.

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.

2.	Tangible fixed assets

Total

£

Cost

At 1 July 2014

7,634

Additions

2,141

At 30 June 2015

9,775

Depreciation

At 1 July 2014

2,568

Charge for year

2,387

At 30 June 2015

4,955

Net book value

At 30 June 2015

4,820

At 30 June 2014

5,066

3.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1

4.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 June 2015 and

30 June 2014:

2015

2014

£

£

C M Beattie

Balance outstanding at start of year

-

-

Amounts advanced

124,162

-

Amounts repaid

(124,585

)

-

Balance outstanding at end of year

(423

)

-

The above advances and credits are interest free and repayable on demand.