Clubmoor Gas Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07141600 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2016

for

Clubmoor Gas Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S G Raynard

P Taylor

REGISTERED OFFICE:

2 Oak Leigh

Liverpool

L13 7EW

REGISTERED NUMBER:

07141600 (England and Wales)

ACCOUNTANTS:

Haines Watts

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

FIXED ASSETS

Tangible assets

2

57,281

69,593

CURRENT ASSETS

Stocks

33,719

33,719

Debtors

217,790

100,418

Cash at bank

93,746

-

345,255

134,137

CREDITORS

Amounts falling due within one year

281,060

126,277

NET CURRENT ASSETS

64,195

7,860

TOTAL ASSETS LESS CURRENT LIABILITIES

121,476

77,453

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

121,376

77,353

SHAREHOLDERS' FUNDS

121,476

77,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 November 2016 and were signed on its behalf by:

S G Raynard - Director

1.	ACCOUNTING POLICIES

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

99,539

Additions

1,708

At 28 February 2016

101,247

DEPRECIATION

At 1 March 2015

29,946

Charge for year

14,020

At 28 February 2016

43,966

NET BOOK VALUE

At 28 February 2016

57,281

At 28 February 2015

69,593

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.16

28.2.15

value:

£

£

100

Ordinary

£1

100

100