Abbreviated Company Accounts - STRINGYBARK LTD

Registered Number 07938279

STRINGYBARK LTD

Abbreviated Accounts

29 February 2016

STRINGYBARK LTD Registered Number 07938279

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	6,618	3,396
		6,618	3,396
Current assets
Stocks		22,700	11,000
Cash at bank and in hand		575,502	151,556
		598,202	162,556
Creditors: amounts falling due within one year		(409,642)	(163,676)
Net current assets (liabilities)		188,560	(1,120)
Total assets less current liabilities		195,178	2,276
Provisions for liabilities		(1,324)	(679)
Total net assets (liabilities)		193,854	1,597
Capital and reserves
Called up share capital		2	2
Profit and loss account		193,852	1,595
Shareholders' funds		193,854	1,597

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 29 November 2016

And signed on their behalf by:
D Ackland-Snow, Director
Mrs N Ackland-Snow, Director

STRINGYBARK LTD Registered Number 07938279

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 April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of services provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% reducing balance
Computer equipment 33% straight line

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Tangible fixed assets

	£
Cost
At 1 March 2015	7,112
Additions	6,500
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	13,612
Depreciation
At 1 March 2015	3,716
Charge for the year	3,278
On disposals	-
At 29 February 2016	6,994
Net book values
At 29 February 2016	6,618
At 28 February 2015	3,396