2106 Ltd - Period Ending 2015-12-31

Registration number: 07133176

2106 Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Carter Collins & Myer Limited
  Accountants & Taxation Advisors
  Chichester House
  2 Chichester Street
  Rochdale
  Lancashire
  OL16 2AX

2106 Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

2106 Ltd
(Registration number: 07133176)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					1,600			2,000
Tangible fixed assets					12,575			9,481
					14,175			11,481
Current assets
Stocks					9,379			3,500
Debtors					3,921			4,907
Cash at bank and in hand					2,452			7,210
					15,752			15,617
Creditors: Amounts falling due within one year					(29,557)			(26,722)
Net current liabilities					(13,805)			(11,105)
Net assets					370			376
Capital and reserves
Called up share capital		3			300			300
Profit and loss account					70			76
Shareholders' funds					370			376

For the year ending 31 December 2015 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 director acknowledges his 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 director on 7 September 2016

.........................................
Mr Paul Carlton Chilvers
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

2106 Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... 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).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

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

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

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

Asset class	Amortisation method and rate
Goodwill	straight line over 10 years

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
Plant & Machinery	15% reducing balance
Fixtures & Fittings	15% reducing balance
Office Equipment	15% reducing balance

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.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

2106 Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 January 2015		4,000			15,546			19,546
Additions		-			5,378			5,378
At 31 December 2015		4,000			20,924			24,924
Depreciation
At 1 January 2015		2,000			6,065			8,065
Charge for the year		400			2,284			2,684
At 31 December 2015		2,400			8,349			10,749
Net book value
At 31 December 2015		1,600			12,575			14,175
At 31 December 2014		2,000			9,481			11,481

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100
Ordinary A of £1 each		100			100			100			100
Ordinary B of £1 each		100			100			100			100
		300			300			300			300

4

Control

The company is controlled by Mr P C Chilvers.

Page 3