Aldersbrook Riding School Limited - Period Ending 2016-03-31

Registration number: 01243693

Aldersbrook Riding School Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Aldersbrook Riding School Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Aldersbrook Riding School Limited
for the Year Ended 31 March 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aldersbrook Riding School Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Aldersbrook Riding School Limited , as a body. Our work has been undertaken solely to prepare for your approval the accounts of Aldersbrook Riding School Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aldersbrook Riding School Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Aldersbrook Riding School Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Aldersbrook Riding School Limited. You consider that Aldersbrook Riding School Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Aldersbrook Riding School Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Jordan Ludlow & Associates Limited
Accountants
9 Limes Road
Beckenham
Kent
BR3 6NS

6 September 2016

Page 1

Aldersbrook Riding School Limited
(Registration number: 01243693)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					68,011			71,734
Current assets
Stocks					11,820			12,045
Cash at bank and in hand					2,268			1,776
					14,088			13,821
Creditors: Amounts falling due within one year					(5,012)			(4,775)
Net current assets					9,076			9,046
Total assets less current liabilities					77,087			80,780
Creditors: Amounts falling due after more than one year					(96,564)			(94,111)
Net liabilities					(19,477)			(13,331)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(19,577)			(13,431)
Shareholders' deficit					(19,477)			(13,331)

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 6 September 2016 and signed on its behalf by:

.........................................
Mrs Ida Patricia Thorne
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Aldersbrook Riding School Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixttures and fittings	25% per annum, reducing balance basis
Equipment	25% per annum, reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Aldersbrook Riding School Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		128,891			128,891
At 31 March 2016		128,891			128,891
Depreciation
At 1 April 2015		57,157			57,157
Charge for the year		3,723			3,723
At 31 March 2016		60,880			60,880
Net book value
At 31 March 2016		68,011			68,011
At 31 March 2015		71,734			71,734

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4