CEG Theatre & Entertainment Services Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06667173 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st August 2015

for

CEG Theatre & Entertainment Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B L Bowles

G Thorrold

REGISTERED OFFICE:

Unit 23

Court Ind Estate

Vinces Road

Diss

Norfolk

IP22 4BF

REGISTERED NUMBER:

06667173 (England and Wales)

ACCOUNTANTS:

Janice Cope

Chartered Certified Accountants

104 Henniker Gate

Chelmsford

Essex

CM2 6SB

FIXED ASSETS

Tangible assets

2

211,140

126,905

CURRENT ASSETS

Stocks

-

2,000

Debtors

36,392

29,988

Cash in hand

75

25

36,467

32,013

CREDITORS

Amounts falling due within one year

3

118,434

87,486

NET CURRENT LIABILITIES

(81,967

)

(55,473

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

129,173

71,432

CREDITORS

Amounts falling due after more than one
year

3

73,280

54,640

NET ASSETS

55,893

16,792

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

54,893

15,792

SHAREHOLDERS' FUNDS

55,893

16,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 11th May 2016 and were signed on its behalf by:

B L Bowles - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

Going concern

The financial statements have been prepared on a going concern basis. This assumes that the company continues

to receive support from the directors who have indicated that they will continue to provide financial support to

the company for at least twelve months from the date of approval of these financial statements.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would

have to be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further

liabilities that might arise and to reclassify fixed assets and long term liabilities to current assets and current

liabilities

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st September 2014

212,081

Additions

154,819

Disposals

(21,958

)

At 31st August 2015

344,942

DEPRECIATION

At 1st September 2014

85,176

Charge for year

57,563

Eliminated on disposal

(8,937

)

At 31st August 2015

133,802

NET BOOK VALUE

At 31st August 2015

211,140

At 31st August 2014

126,905

3.

CREDITORS

Creditors include an amount of £ 1,340 (2014 - £ 5,900 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

Repayable otherwise than by instalments

15,356

17,356

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

£1

1,000