Allstar Psychics Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08454119 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Allstar Psychics Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J L Mustards

I Ellis

SECRETARY:

I Ellis

REGISTERED OFFICE:

1 Commercial Court

Briggate

LEEDS

West Yorkshire

LS1 6ER

REGISTERED NUMBER:

08454119 (England and Wales)

ACCOUNTANTS:

Ian Ellis

BANKERS:

Handelsbanken

5th Floor

3 The Embankment

Sovereign Street

LEEDS

LS1 4BJ

SOLICITORS:

Langleys

Queen House

Micklegate

YORK

YO1 6WG

FIXED ASSETS

Tangible assets

2

2,370

1,216

CURRENT ASSETS

Debtors

185,665

102,413

Cash at bank

82,836

41,772

268,501

144,185

CREDITORS

Amounts falling due within one year

196,527

240,954

NET CURRENT ASSETS/(LIABILITIES)

71,974

(96,769

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

74,344

(95,553

)

CAPITAL AND RESERVES

Called up share capital

3

161

200

Profit and loss account

74,183

(95,753

)

SHAREHOLDERS' FUNDS

74,344

(95,553

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 April 2016 and were signed on its behalf by:

J L Mustards - 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 January 2015).

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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,876

Additions

1,943

At 31 March 2016

3,819

DEPRECIATION

At 1 April 2015

660

Charge for year

789

At 31 March 2016

1,449

NET BOOK VALUE

At 31 March 2016

2,370

At 31 March 2015

1,216

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

101

Ordinary

£1

101

60

Preference

£1

60

99

161

200