BURROWS_CARAVAN_PARK_LIMI - Accounts


Company Registration No. 05454644 (England and Wales)
BURROWS CARAVAN PARK LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
BURROWS CARAVAN PARK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BURROWS CARAVAN PARK LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
110,684
117,841
Current assets
Stocks
-
2,200
Cash at bank and in hand
227,199
196,062
227,199
198,262
Creditors: amounts falling due within one year
(214,536)
(181,098)
Net current assets
12,663
17,164
Total assets less current liabilities
123,347
135,005
Provisions for liabilities
(8,283)
(9,714)
115,064
125,291
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
115,062
125,289
Shareholders'  funds
115,064
125,291
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 20 September 2016
LJ Grove
RCW Grove
Director
Director
Company Registration No. 05454644
BURROWS CARAVAN PARK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Nil %
Plant and machinery
18% on reducing balance
Fixtures, fittings & equipment
18% on reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
140,000
181,251
321,251
Additions
-
1,934
1,934
At 31 March 2016
140,000
183,185
323,185
Depreciation
At 1 April 2015
140,000
63,410
203,410
Charge for the year
-
9,091
9,091
At 31 March 2016
140,000
72,501
212,501
Net book value
At 31 March 2016
-
110,684
110,684
At 31 March 2015
-
117,841
117,841
BURROWS CARAVAN PARK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 ordinary shares of £1 each
2
2
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