Manor Road Stores (Scarborough) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08422113 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 April 2015 to 31 December 2015

for

Manor Road Stores (Scarborough) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N P Park

Mrs J M Park

REGISTERED OFFICE:

c/o Edward Milnes & Co

Woodend

The Crescent

Scarborough

North Yorkshire

YO11 2PW

REGISTERED NUMBER:

08422113 (England and Wales)

ACCOUNTANTS:

Edward Milnes & Co

Woodend

The Crescent

Scarborough

North Yorkshire

YO11 2PW

FIXED ASSETS

Intangible assets

2

20,250

27,000

Tangible assets

3

713

968

20,963

27,968

CURRENT ASSETS

Stocks

18,000

22,500

Debtors

5,000

6,114

Cash at bank and in hand

6,715

8,537

29,715

37,151

CREDITORS

Amounts falling due within one year

50,053

64,404

NET CURRENT LIABILITIES

(20,338

)

(27,253

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

625

715

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

623

713

SHAREHOLDERS' FUNDS

625

715

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 27 September 2016 and were signed on its behalf
by:

Mrs J M Park - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared on a going concern basis which assumes that the company's

creditors and directors will provide continued support. It is the opinion of the directors that this support will be

given for the foreseeable future, being at least twelve months from the signing of the accounts.

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).

The effect of events relating to the period ended 31 December 2015, which occurred before the date of approval

of the financial statements by the Board of Directors, have been included to the extent required to show a true

and fair view of the state of affairs of the company at 31 December 2015, and of its results for the period ended

on that date.

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 2013, 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 December 2015

45,000

AMORTISATION

At 1 April 2015

18,000

Amortisation for period

6,750

At 31 December 2015

24,750

NET BOOK VALUE

At 31 December 2015

20,250

At 31 March 2015

27,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 December 2015

1,657

DEPRECIATION

At 1 April 2015

689

Charge for period

255

At 31 December 2015

944

NET BOOK VALUE

At 31 December 2015

713

At 31 March 2015

968

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.3.15

value:

£

2

Ordinary

£1

2