Escape Live Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08734295 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2016

FOR

ESCAPE LIVE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J Sodhi

Mr J T Dalziel

SECRETARY:

Mr J Sodhi

REGISTERED OFFICE:

Arch 39

Henrietta Street

Birmingham

B19 3PS

REGISTERED NUMBER:

08734295 (England and Wales)

ACCOUNTANTS:

R Pau & Co Limited

Chartered Certified Accountants

12-16 Station Street East

Coventry

West Midlands

CV6 5FJ

BANKERS:

Barclays Bank PLC

Regent Street

Leicester

LE87 2BB

FIXED ASSETS

Tangible assets

2

46,005

62,940

CURRENT ASSETS

Stocks

300

Debtors

6,448

6,536

Cash at bank

48,699

8,580

55,447

15,416

CREDITORS

Amounts falling due within one year

96,986

126,761

NET CURRENT LIABILITIES

(41,539

)

(111,345

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,466

(48,405

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

4,366

(48,505

)

SHAREHOLDERS' FUNDS

4,466

(48,405

)

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

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

Mr J Sodhi - Director

Mr J T Dalziel - 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 services, 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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% 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

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 1st April 2015

86,408

Additions

3,582

At 31st March 2016

89,990

DEPRECIATION

At 1st April 2015

23,468

Charge for year

20,517

At 31st March 2016

43,985

NET BOOK VALUE

At 31st March 2016

46,005

At 31st March 2015

62,940

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100