THE_BIG_HORSE_SHOP_LIMITE - Accounts

THE BIG HORSE SHOP LTD - Company Information

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Company Registration No. 06946449 (England and Wales)

THE BIG HORSE SHOP LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

THE BIG HORSE SHOP LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

THE BIG HORSE SHOP LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

3,710

4,452

Current assets

Stocks

20,777

24,922

Debtors

14,236

10,125

Cash at bank and in hand

12,025

7,954

47,038

43,001

Creditors: amounts falling due within one year

(57,958)

(51,570)

Net current liabilities

(10,920)

(8,569)

Total assets less current liabilities

(7,210)

(4,117)

Capital and reserves

Called up share capital

Profit and loss account

(7,211)

(4,118)

Shareholders' funds

(7,210)

(4,117)

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.

Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 21 December 2016

Mrs J Exton

Director

Company Registration No. 06946449

THE BIG HORSE SHOP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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 ).January 2015).

The company is reliant upon the financial support of related parties in order to meet its liabilities as they fall due. The director believes that this support will continue for the foreseeable future and, as a result, has continued to adopt the going concern basis in preparing the financial statements.

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.

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

Fixed assets

Tangible assets

Cost

At 1 April 2015

9,727

Additions

495

At 31 March 2016

10,222

Depreciation

At 1 April 2015

5,275

Charge for the year

1,237

At 31 March 2016

6,512

Net book value

At 31 March 2016

3,710

At 31 March 2015

4,452

THE BIG HORSE SHOP LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each

Related party relationships and transactions

Loan to the director

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mrs J Exton

3,127

4,279

810

6,596

3,127

4,279

810

6,596

The maximum overdrawn balance in the year was £6,596.