Shandy Limited - Period Ending 2016-03-31

Shandy Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016

Shandy Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

2 to 3

Shandy Limited
(Registration number: 04822153)
Abbreviated Balance Sheet at 31 March 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets		1,279	1,096
Current assets
Debtors	3	541	7,677
Cash at bank and in hand		9,264	2,932
		9,805	10,609
Creditors: Amounts falling due within one year		(15,265)	(15,261)
Net current liabilities		(5,460)	(4,652)
Net liabilities		(4,181)	(3,556)
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		(4,183)	(3,558)
Shareholders' deficit		(4,181)	(3,556)

For the year ending 31 March 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 14 December 2016 and signed on its behalf by:

.........................................
Mr Andrew Corbett
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Shandy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 April 2015	3,143	3,143
Additions	602	602
At 31 March 2016	3,745	3,745
Depreciation
At 1 April 2015	2,047	2,047
Charge for the year	419	419
At 31 March 2016	2,466	2,466
Net book value
At 31 March 2016	1,279	1,279
At 31 March 2015	1,096	1,096

Debtors

Debtors includes £nil (2015 - £nil) receivable after more than one year.

Page 2

Shandy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
ordinary of £1 each		2	2		2	2

Page 3