The Stone Trough Inn Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09335650 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 2 December 2014 to 31 December 2015

for

THE STONE TROUGH INN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A G Whitney

M J Bridge

REGISTERED OFFICE:

The Stone Trough

Kirkham Abbey

York

North Yorkshire

YO60 7JS

REGISTERED NUMBER:

09335650 (England and Wales)

ACCOUNTANTS:

Morrell Middleton

3 Cayley Court

Clifton Moor

York

North Yorkshire

YO30 4WH

FIXED ASSETS

Intangible assets

2

90,000

Tangible assets

3

6,079

96,079

CURRENT ASSETS

Stocks

6,000

Debtors

77,182

Cash at bank and in hand

30,041

113,223

CREDITORS

Amounts falling due within one year

214,493

NET CURRENT LIABILITIES

(101,270

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,191

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

(6,191

)

SHAREHOLDERS' FUNDS

(5,191

)

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

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

A G Whitney - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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 and 20% 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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

100,000

At 31 December 2015

100,000

AMORTISATION

Amortisation for period

10,000

At 31 December 2015

10,000

NET BOOK VALUE

At 31 December 2015

90,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

7,621

At 31 December 2015

7,621

DEPRECIATION

Charge for period

1,542

At 31 December 2015

1,542

NET BOOK VALUE

At 31 December 2015

6,079

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000

Ordinary

1

1,000