Abbreviated Company Accounts - AFONWEN CRAFT & ANTIQUE CENTRE LIMITED

AFONWEN CRAFT & ANTIQUE CENTRE LIMITED - Company Information

Registered Number 06315182

AFONWEN CRAFT & ANTIQUE CENTRE LIMITED

Abbreviated Accounts

31 December 2015

AFONWEN CRAFT & ANTIQUE CENTRE LIMITED Registered Number 06315182

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	19,950	31,350
Tangible assets	3	19,726	23,384
		39,676	54,734
Current assets
Stocks		107,442	104,313
Debtors		1,092	2,778
Cash at bank and in hand		23,774	18,972
		132,308	126,063
Creditors: amounts falling due within one year		(231,952)	(237,711)
Net current assets (liabilities)		(99,644)	(111,648)
Total assets less current liabilities		(59,968)	(56,914)
Creditors: amounts falling due after more than one year		(676)	(2,704)
Total net assets (liabilities)		(60,644)	(59,618)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(60,744)	(59,718)
Shareholders' funds		(60,644)	(59,618)

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 30 September 2016

And signed on their behalf by:
J Monshin Dallolio, Director

AFONWEN CRAFT & ANTIQUE CENTRE LIMITED Registered Number 06315182

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Motor Vehicles - 25% reducing balance
Fixtures & Fittings - 15% reducing balance

2Intangible fixed assets

	£
Cost
At 1 January 2015	114,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	114,000
Amortisation
At 1 January 2015	82,650
Charge for the year	11,400
On disposals	-
At 31 December 2015	94,050
Net book values
At 31 December 2015	19,950
At 31 December 2014	31,350

3Tangible fixed assets

	£
Cost
At 1 January 2015	55,187
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	55,187
Depreciation
At 1 January 2015	31,803
Charge for the year	3,658
On disposals	-
At 31 December 2015	35,461
Net book values
At 31 December 2015	19,726
At 31 December 2014	23,384