Abbreviated Company Accounts - THE INTERNATIONAL ON LINE BRIDGE CLUB LIMITED

THE INTERNATIONAL ON LINE BRIDGE CLUB LIMITED - Company Information

03890819 THE INTERNATIONAL ON LINE BRIDGE CLUB LIMITED 2016-02-29 false 2015-03-01 2016-02-29 true 03890819 2015-03-01 2016-02-29 03890819 2016-02-29 03890819 2015-02-28 03890819 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 03890819 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:Director3 2015-03-01 2016-02-29 uk-gaap-cd-bus:Director3 2016-02-29 uk-gaap-cd-bus:Director3 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 03890819

THE INTERNATIONAL ON LINE BRIDGE CLUB LIMITED

Abbreviated Accounts

29 February 2016

THE INTERNATIONAL ON LINE BRIDGE CLUB LIMITED Registered Number 03890819

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	-	-
		-	-
Current assets
Debtors		184,888	164,568
Cash at bank and in hand		97	298
		184,985	164,866
Creditors: amounts falling due within one year		(109,072)	(83,127)
Net current assets (liabilities)		75,913	81,739
Total assets less current liabilities		75,913	81,739
Total net assets (liabilities)		75,913	81,739
Capital and reserves
Called up share capital	3	76,166	76,166
Share premium account		139,934	139,934
Profit and loss account		(140,187)	(134,361)
Shareholders' funds		75,913	81,739

For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 November 2016

And signed on their behalf by:
N Justice, Director

THE INTERNATIONAL ON LINE BRIDGE CLUB LIMITED Registered Number 03890819

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover
Turnover represents amounts receivable for goods and services net of VAT. The total turnover of the company for the year has been derived from its principal activities.

Other accounting policies
Revenue recognition
Subscription income is recognised evenly over the period to which individual subscriptions relate.

Taxation
The charge for taxation is based on the loss for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.

Deferred tax is recognized, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS19.

2Tangible fixed assets

	£
Cost
At 1 March 2015	90,851
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	90,851
Depreciation
At 1 March 2015	90,851
Charge for the year	-
On disposals	-
At 29 February 2016	90,851
Net book values
At 29 February 2016	0
At 28 February 2015	0

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
76,166 Ordinary shares of £1 each	76,166	76,166

4Transactions with directors

Name of director receiving advance or credit:	N Justice
Description of the transaction:	DLA
Balance at 1 March 2015:	£ 131,002
Advances or credits made:	£ 16,927
Advances or credits repaid:	-
Balance at 29 February 2016:	£ 147,929

Interest has been charged at the HMRC rate of 3%, there is no term for repayment.