Playhouse (Bedford) Ltd - Period Ending 2015-12-31

Registration number: 8805197

Playhouse (Bedford) Ltd

Unaudited Abbreviated Accounts
 
for the Year Ended 31 December 2015

AIMS Accountants for Business
7 Bakers Close
Turvey
Bedford
MK43 8GJ

Playhouse (Bedford) Ltd

Contents

Abbreviated Balance Sheet	1
Notes to the Abbreviated Accounts	2 to 3

Playhouse (Bedford) Ltd

(Registration number: 8805197)
Abbreviated Balance Sheet as at 31 December 2015

	Note	2015  £	2014  £ (As restated)
Fixed assets
Tangible assets	2	83,249	110,999
Current assets
Stocks		1,500	1,500
Debtors		21,305	17,981
Cash at bank and in hand		-	186
		22,805	19,667
Creditors: Amounts falling due within one year		(143,054)	(139,099)
Net current liabilities		(120,249)	(119,432)
Total assets less current liabilities		(37,000)	(8,433)
Creditors: Amounts falling due after more than one year		(18,244)	(32,222)
Provisions for liabilities		(760)	-
Accruals and deferred income		(5,300)	(4,916)
Net liabilities		(61,304)	(45,571)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(61,404)	(45,671)
Shareholders deficit		(61,304)	(45,571)

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 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 director on 19 September 2016

.........................................
Mr P Chapman
Director

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

Playhouse (Bedford) Ltd

Notes to the Abbreviated Accounts

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 April 2008).

Turnover

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

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

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
Land and buildings leasehold	20% on cost
Plant and machinery	20% on cost

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Current asset investments

Current asset investments are included at the lower of cost and net realisable value.

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.

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 2

Playhouse (Bedford) Ltd

Notes to the Abbreviated Accounts

2

Fixed assets

	Tangible assets £	Total £
Cost
At 1 January 2015	138,749	138,749
At 31 December 2015	138,749	138,749
Depreciation
At 1 January 2015	27,750	27,750
Charge for the year	27,750	27,750
At 31 December 2015	55,500	55,500
Net book value
At 31 December 2015	83,249	83,249
At 31 December 2014	110,999	110,999

3

Control

The director is the controlling party by virtue of his controlling shareholding in the company.

Page 3