AURORA_BARS_AND_RESTAURAN - Accounts
AURORA_BARS_AND_RESTAURAN - Accounts
Company Registration No. 07943566 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
LB GROUP
UK
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(686,019 )
(722,409 )
Net current liabilities
(563,436 )
(601,399 )
Total assets less current liabilities
(209,682 )
(191,707 )
Capital and reserves
Called up share capital
3
Profit and loss account
(209,782 )
(191,807 )
Shareholders' funds
(209,682 )
(191,707 )
Directors' responsibilities:
-
-
Approved by the Board for issue on 29 September 2016
Director
Company Registration No. 07943566
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
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).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Land and buildings Leasehold
Plant and machinery
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
1.6
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
1.7
Going concern
At the year end the company had net liabilities. However, in the opinion of the directors the company will have sufficient working capital to meet all liabilities as they fall due. Consequently the financial statements have been prepared on a going concern basis.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
574,692
Additions
3,417
At 31 December 2015
578,109
Depreciation
At 1 January 2015
165,000
Charge for the year
59,355
At 31 December 2015
224,355
Net book value
At 31 December 2015
353,754
At 31 December 2014
409,692
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid