York Guns Limited - Abbreviated accounts 16.3
York Guns Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| YORK GUNS LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2016 |
| YORK GUNS LIMITED (REGISTERED NUMBER: 03512413) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 | to | 3 |
| Notes to the Abbreviated Accounts | 4 | to | 5 |
| YORK GUNS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 28 FEBRUARY 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| YORK GUNS LIMITED (REGISTERED NUMBER: 03512413) |
| ABBREVIATED BALANCE SHEET |
| 28 FEBRUARY 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 3 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| YORK GUNS LIMITED (REGISTERED NUMBER: 03512413) |
| ABBREVIATED BALANCE SHEET - continued |
| 28 FEBRUARY 2016 |
| The financial statements were approved by the director on |
| YORK GUNS LIMITED (REGISTERED NUMBER: 03512413) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2016 |
| 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 the value of goods sold in the year in the course of the company's principal |
| activity as a wholesaler and retailer of firearms and related items, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures, fittings & equipment | - |
| Motor vehicles | - |
| 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. |
| Deferred tax assets are only recognised in the financial statements where it is considered more likely |
| than not that future deferred tax liabilities or other future taxable profits will exist to allow their |
| recovery. Deferred tax assets are classified as amounts falling due after more than one year when they |
| are not expected to crystallise in full in the next year. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
| the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
| exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
| the operating result. |
| 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. |
| YORK GUNS LIMITED (REGISTERED NUMBER: 03512413) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 28 FEBRUARY 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2015 |
| Additions |
| At 28 February 2016 |
| DEPRECIATION |
| At 1 March 2015 |
| Charge for year |
| At 28 February 2016 |
| NET BOOK VALUE |
| At 28 February 2016 |
| At 28 February 2015 |
| 3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |