The Village Inn at Marehay Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08198051 (England and Wales)

The Village Inn at Marehay Limited

Abbreviated Accounts

For The Year Ended 31 August 2015

Page

Abbreviated Balance Sheet

1

to

2

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

20,232

15,431

CURRENT ASSETS

Stocks

3,551

2,563

Debtors

6,125

6,118

Cash at bank and in hand

4,803

5,340

14,479

14,021

CREDITORS

Amounts falling due within one year

25,614

33,596

NET CURRENT LIABILITIES

(11,135

)

(19,575

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,097

(4,144

)

PROVISIONS FOR LIABILITIES

4,047

3,086

NET ASSETS/(LIABILITIES)

5,050

(7,230

)

CAPITAL AND RESERVES

Called up share capital

3

90

Profit and loss account

4,960

(7,320

)

SHAREHOLDERS' FUNDS

5,050

(7,230

)

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

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

M S Barnaville - 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

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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.

Going concern

The director's consider that the company will continue to operate based on the current financial

information and continued support of its bankers and director's. On this basis the director's consider it

appropriate to prepare the accounts on a going concern basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

23,489

Additions

8,992

At 31 August 2015

32,481

DEPRECIATION

At 1 September 2014

8,058

Charge for year

4,191

At 31 August 2015

12,249

NET BOOK VALUE

At 31 August 2015

20,232

At 31 August 2014

15,431

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

90

Ordinary

1

90