AIREBOROUGH_THAI_BOXING_L - Accounts

AIREBOROUGH THAI BOXING LIMITED - Company Information

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Company Registration No. 07196987 (England and Wales)

AIREBOROUGH THAI BOXING LTD

DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

AIREBOROUGH THAI BOXING LTD

COMPANY INFORMATION

Directors

Mrs C Burnley

Mr A Burnley

Company number

07196987

Registered office

Unit 4B1

Gordon Mills Site

Netherfild Road

Guiseley

LS20 9PD

Accountants

TaxAssist Accountants

30 North Street

Keighley

West Yorkshire

BD21 3SE

AIREBOROUGH THAI BOXING LTD

CONTENTS

Page

Directors' report

Accountants' report

Profit and loss account

Balance sheet

Notes to the financial statements

5 - 7

AIREBOROUGH THAI BOXING LTD

DIRECTORS' REPORT

FOR THE YEAR ENDED 31 MARCH 2016

- 1 -

The directors present their report and financial statements for the year ended 31 March 2016.

Directors

The following directors have held office since 1 April 2015:

Mrs C Burnley

Mr A Burnley

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

Mrs C Burnley

Director

30 November 2016

AIREBOROUGH THAI BOXING LTD

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AIREBOROUGH THAI BOXING LTD FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aireborough Thai Boxing Ltd for the year ended 31 March 2016 set out on pages 3 to 7 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at cimaglobal.com.

This report is made solely to the Board of Directors of Aireborough Thai Boxing Ltd, as a body, in accordance with the terms of our engagement letter dated 2 April 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Aireborough Thai Boxing Ltd and state those matters that we have agreed to state to the Board of Directors of Aireborough Thai Boxing Ltd, as a body, in this report. . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aireborough Thai Boxing Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Aireborough Thai Boxing Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aireborough Thai Boxing Ltd. You consider that Aireborough Thai Boxing Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aireborough Thai Boxing Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

TaxAssist Accountants

27 November 2016

Accountants

30 North Street

Keighley

West Yorkshire

BD21 3SE

AIREBOROUGH THAI BOXING LTD

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

2016

2015

Notes

Turnover

14,886

12,298

Administrative expenses

(9,269)

(8,355)

Operating profit

5,617

3,943

Other interest receivable and similar income

Profit on ordinary activities before taxation

5,618

3,944

Tax on profit on ordinary activities

Profit for the year

5,618

3,944

AIREBOROUGH THAI BOXING LTD

BALANCE SHEET

AS AT

31 MARCH 2016

- 4 -

2016

2015

Notes

Fixed assets

Tangible assets

127

169

Current assets

Debtors

(1)

Cash at bank and in hand

555

462

554

462

Creditors: amounts falling due within one year

(7,542)

(13,110)

Net current liabilities

(6,988)

(12,648)

Total assets less current liabilities

(6,861)

(12,479)

Capital and reserves

Called up share capital

100

Profit and loss account

(6,961)

(12,579)

Shareholders' funds

(6,861)

(12,479)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the Board for issue on 30 November 2016

Mrs C Burnley

Director

Company Registration No. 07196987

AIREBOROUGH THAI BOXING LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

- 5 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% reducing balance

Operating profit

2016

2015

Operating profit is stated after charging:

Depreciation of tangible assets

Investment income

2016

2015

Bank interest

Taxation

AIREBOROUGH THAI BOXING LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 6 -

Tangible fixed assets

Plant and machinery etc

Cost

At 1 April 2015 & at 31 March 2016

800

Depreciation

At 1 April 2015

631

Charge for the year

At 31 March 2016

673

Net book value

At 31 March 2016

127

At 31 March 2015

169

Debtors

2016

2015

Trade debtors

(1)

Creditors: amounts falling due within one year

2016

2015

Trade creditors

Other creditors

7,506

13,110

7,542

13,110

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

AIREBOROUGH THAI BOXING LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 7 -

Statement of movements on profit and loss account

Profit
and loss
account

Balance at 1 April 2015

(12,579)

Profit for the year

5,618

Balance at 31 March 2016

(6,961)