Abbreviated Company Accounts - THE CUPAR PUB COMPANY LIMITED
Abbreviated Company Accounts - THE CUPAR PUB COMPANY LIMITED
Registered Number SC369663
THE CUPAR PUB COMPANY LIMITED
Abbreviated Accounts
31 December 2015
THE CUPAR PUB COMPANY LIMITED Registered Number SC369663
Abbreviated Balance Sheet as at 31 December 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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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 Board on
And signed on their behalf by:
THE CUPAR PUB COMPANY LIMITED Registered Number SC369663
Notes to the Abbreviated Accounts for the period ended 31 December 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less
their estimated residual value, over their expected useful lives on the following bases:
Motor vehicles - 50% straight line
Furniture and fittings - 20% straight line
Office equipment - 20% straight line
Other accounting policies
Stocks are valued at the lower of cost and net realisable value after making due allowances for obsolete and slow moving stocks.
Deferred taxation
Provision is made for taxation deferred on the incremental liability approach in respect of all timing differences between the incidence of income and expenditure for taxation and accounts purposes that have originated but not reversed at the balance sheet date.
£ | |
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Cost | |
At 1 January 2015 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2015 |
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Depreciation | |
At 1 January 2015 |
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Charge for the year |
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On disposals |
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At 31 December 2015 |
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Net book values | |
At 31 December 2015 | 585 |
At 31 December 2014 | 1,011 |