Skegness College Of Vocational Training - Abbreviated accounts 16.1
Skegness College Of Vocational Training - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 July 2016 |
| for |
| SKEGNESS COLLEGE OF VOCATIONAL |
| TRAINING LIMITED |
| SKEGNESS COLLEGE OF VOCATIONAL |
| TRAINING LIMITED (REGISTERED NUMBER: 01731248) |
| Contents of the Abbreviated Accounts |
| for the year ended 31 July 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| SKEGNESS COLLEGE OF VOCATIONAL |
| TRAINING LIMITED |
| Company Information |
| for the year ended 31 July 2016 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| SKEGNESS COLLEGE OF VOCATIONAL |
| TRAINING LIMITED (REGISTERED NUMBER: 01731248) |
| Abbreviated Balance Sheet |
| 31 July 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 2 |
| Current assets |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital | 3 |
| Profit and loss account |
| Shareholders' funds |
| SKEGNESS COLLEGE OF VOCATIONAL |
| TRAINING LIMITED (REGISTERED NUMBER: 01731248) |
| Abbreviated Balance Sheet - continued |
| 31 July 2016 |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the director on |
| SKEGNESS COLLEGE OF VOCATIONAL |
| TRAINING LIMITED (REGISTERED NUMBER: 01731248) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 2016 |
| 1. | Accounting policies |
| Basis of preparing the financial statements |
| At the financial year end the company had net current liabilities of £nil (2015 £77,480) |
| The company purchased property in earlier year's and the company's cash reserves were used to finance the |
| acquisitions. The company has build the cash reserves back up in the medium term. |
| The Director continues to support the company and doesn't expect to withdraw from the Directors current account |
| balance of £55,550 in the short term. The Director therefore,feels that it is appropriate to prepare these financial |
| statements on a going concern basis. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
| Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Freehold property | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to |
| pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to |
| apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at |
| the balance sheet date |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held |
| separately from those of the company.The annual contributions payable are charged to the profit and loss account in the |
| period to which they relate. |
| SKEGNESS COLLEGE OF VOCATIONAL |
| TRAINING LIMITED (REGISTERED NUMBER: 01731248) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 July 2016 |
| 2. | Tangible fixed assets |
| Total |
| £ |
| Cost |
| At 1 August 2015 |
| Additions |
| At 31 July 2016 |
| Depreciation |
| At 1 August 2015 |
| Charge for year |
| At 31 July 2016 |
| Net book value |
| At 31 July 2016 |
| At 31 July 2015 |
| 3. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| Ordinary B shares | £1 |
| Ordinary C shares | £1 |
| 27,000 | 27,000 |