Enterprise Growth Partnership Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC335680 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

ENTERPRISE GROWTH PARTNERSHIP LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N Kendall

SECRETARY:

Ms F M Kendall

REGISTERED OFFICE:

272 Bath Street

Glasgow

Scotland

G2 4JR

REGISTERED NUMBER:

SC335680 (Scotland)

ACCOUNTANTS:

Riley & Co Limited

Chartered Accountants

52 St Johns Lane

Halifax

West Yorkshire

HX1 2BW

FIXED ASSETS

Intangible assets

2

826

5,788

Tangible assets

3

1,826

2,001

2,652

7,789

CURRENT ASSETS

Stocks

12,000

12,500

Debtors

131

21,014

Cash at bank

7,517

10,035

19,648

43,549

CREDITORS

Amounts falling due within one year

32,299

73,542

NET CURRENT LIABILITIES

(12,651

)

(29,993

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,999

)

(22,204

)

PROVISIONS FOR LIABILITIES

-

400

NET LIABILITIES

(9,999

)

(22,604

)

CAPITAL AND RESERVES

Called up share capital

4

5,002

Profit and loss account

(15,001

)

(27,606

)

SHAREHOLDERS' FUNDS

(9,999

)

(22,604

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 25 November 2016 and were signed by:

N Kendall - 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.

Intangible assets

The intangible asset relates to the purchase of a franchise fee during the year ended 31 March 2011 for

£50,000. This is being amortised over its estimated economic life of 5 years.

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 etc

-

33% on cost and 20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

50,000

AMORTISATION

At 1 April 2015

44,212

Amortisation for year

4,962

At 31 March 2016

49,174

NET BOOK VALUE

At 31 March 2016

826

At 31 March 2015

5,788

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

5,017

Additions

625

At 31 March 2016

5,642

DEPRECIATION

At 1 April 2015

3,016

Charge for year

800

At 31 March 2016

3,816

NET BOOK VALUE

At 31 March 2016

1,826

At 31 March 2015

2,001

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

5,002

Ordinary

£1

5,002