Bristol International Balloon Fiesta - Abbreviated accounts 16.1

REGISTERED NUMBER: 02294349 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

BRISTOL INTERNATIONAL BALLOON FIESTA

LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D A Cameron

C Bailey

P G Dunnington

D M Moffat

C S Hathaway

P L Mossman FCA

C C Allcock

Mrs J Case

SECRETARY:

P L Mossman FCA

REGISTERED OFFICE:

Cushy Dingle

Llanishen

Chepstow

Monmouthshire

NP16 6QT

REGISTERED NUMBER:

02294349 (England and Wales)

ACCOUNTANTS:

Peter Mossman Consultants Ltd

Cushy Dingle

Watery Lane

Llanishen

Monmouthshire

NP16 6QT

FIXED ASSETS

Tangible assets

2

1

1

CURRENT ASSETS

Stocks

2,500

2,500

Debtors

26,619

39,303

Prepayments and accrued income

252

2

Cash at bank

17,592

1,958

46,963

43,763

CREDITORS

Amounts falling due within one year

24,090

28,535

NET CURRENT ASSETS

22,873

15,228

TOTAL ASSETS LESS CURRENT LIABILITIES

22,874

15,229

PROVISIONS FOR LIABILITIES

191

233

NET ASSETS

22,683

14,996

CAPITAL AND RESERVES

Called up share capital

3

8

8

Profit and loss account

22,675

14,988

SHAREHOLDERS' FUNDS

22,683

14,996

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

The members have not required the company to obtain an audit of its financial statements for the year 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 7 September 2016 and were signed on its behalf by:

P L Mossman FCA - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 1 January 2015

and 31 December 2015

13,745

DEPRECIATION

At 1 January 2015

and 31 December 2015

13,744

NET BOOK VALUE

At 31 December 2015

1

At 31 December 2014

1

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

8

Ordinary

£1

8

8