Abbreviated Company Accounts - BAR NONE N.I. LTD

Registered Number NI603143

BAR NONE N.I. LTD

Abbreviated Accounts

31 March 2016

BAR NONE N.I. LTD Registered Number NI603143

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	90,001	90,001
Tangible assets	3	1,004,614	1,034,503
Investments	4	6,400	6,400
		1,101,015	1,130,904
Current assets
Stocks		126,812	161,914
Debtors		45,667	57,389
Cash at bank and in hand		263,596	270,495
		436,075	489,798
Creditors: amounts falling due within one year		(374,121)	(385,000)
Net current assets (liabilities)		61,954	104,798
Total assets less current liabilities		1,162,969	1,235,702
Creditors: amounts falling due after more than one year		(37,750)	(82,889)
Provisions for liabilities		(320,666)	(483,385)
Total net assets (liabilities)		804,553	669,428
Capital and reserves
Called up share capital		200	200
Revaluation reserve		80,300	80,300
Profit and loss account		724,053	588,928
Shareholders' funds		804,553	669,428

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 21 December 2016

And signed on their behalf by:
James Hanna, Director

BAR NONE N.I. LTD Registered Number NI603143

Notes to the Abbreviated Accounts for the period ended 31 March 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 comprises the value of sales (excluding VAT ) of goods and services in the normal course of business

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over it’s estimated useful life.

Plant and machinery Reducing balance 20%
Vehicles Reducing balance 18%
Fixtures and fittings Reducing balance 18%
Equipment Reducing balance 18%

Intangible assets amortisation policy
Intangible fixed assets amortisation policy Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Valuation information and policy
Stocks are stated at the lower of cast and net realisable value. Cost incurred in bringing each product to present location and condition is based on purchase cost on a first in, first out basis, including transport.

2Intangible fixed assets

	£
Cost
At 1 April 2015	90,001
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	90,001
Amortisation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	90,001
At 31 March 2015	90,001

3Tangible fixed assets

	£
Cost
At 1 April 2015	1,352,556
Additions	3,199
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	1,355,755
Depreciation
At 1 April 2015	318,053
Charge for the year	33,088
On disposals	-
At 31 March 2016	351,141
Net book values
At 31 March 2016	1,004,614
At 31 March 2015	1,034,503

4Fixed assets Investments
Fixed asset investments are shown at cost less amounts written off. Provisions are made for temporary fluctuations in value.