Latenight Bars Limited - Period Ending 2015-12-31

Registration number: 07680284

Latenight Bars Limited

Unaudited Abbreviated Accounts

for the Period from 1 July 2014 to 31 December 2015

 

Latenight Bars Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Latenight Bars Limited
(Registration number: 07680284)
Abbreviated Balance Sheet at 31 December 2015

		Note			31 December 2015 £			30 June 2014 £
Current assets
Stocks					8,125			-
Debtors					46,872			-
Cash at bank and in hand					58,850			1
					113,847			1
Creditors: Amounts falling due within one year					(116,090)			-
Net (liabilities)/assets					(2,243)			1
Capital and reserves
Called up share capital		2			1			1
Profit and loss account					(2,244)			-
Shareholders' (deficit)/funds					(2,243)			1

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 director acknowledges his 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 director on 29 September 2016

.........................................
P Kinsey
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Latenight Bars Limited
Notes to the Abbreviated Accounts for the Period from 1 July 2014 to 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	31 December 2015						30 June 2014
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

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