Abbreviated Company Accounts - BACKWOODSMAN LIMITED
Abbreviated Company Accounts - BACKWOODSMAN LIMITED
Registered Number 05444101
BACKWOODSMAN LIMITED
Abbreviated Accounts
31 December 2015
BACKWOODSMAN LIMITED Registered Number 05444101
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 | |||
Debtors |
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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 |
( |
( |
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:
BACKWOODSMAN LIMITED Registered Number 05444101
Notes to the Abbreviated Accounts for the period ended 31 December 2015
1Accounting Policies
Basis of measurement and preparation of accounts
The company has adequate resources to meet its obligations in respect of the 2016 festival and has the continued financial support of the principal shareholder. The directors are therefore of the opinion that the company will continue in business for the foreseeable future, thus the accounts are prepared on a going concern basis.
Turnover policy
Tangible assets depreciation policy
Plant and machinery - 25% Straight Line
Fixtures, fittings & equipment - 20% Straight line
Other accounting policies
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
Comparative figures
The company has restated its comparative bank loans and overdrafts and other creditors figures shown as per note 6, in order to show a true and fair treatment of these balances in the previous financial year. This treatment is consistent with how the balances have been derived in the current year. The effect of this restatement on profit is £nil.
£ | |
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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 | 68,439 |
At 31 December 2014 | 3,002 |