Abbreviated Company Accounts - POLO BAR LTD

04686462 POLO BAR LTD 2016-03-31 false 2015-04-01 2016-03-31 true 04686462 2015-04-01 2016-03-31 04686462 2016-03-31 04686462 2015-03-31 04686462 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04686462 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04686462

POLO BAR LTD

Abbreviated Accounts

31 March 2016

POLO BAR LTD Registered Number 04686462

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	371,894	436,847
		371,894	436,847
Current assets
Stocks		7,075	9,150
Debtors		14,688	2,400
Cash at bank and in hand		679,702	252,448
		701,465	263,998
Creditors: amounts falling due within one year		(520,321)	(436,848)
Net current assets (liabilities)		181,144	(172,850)
Total assets less current liabilities		553,038	263,997
Total net assets (liabilities)		553,038	263,997
Capital and reserves
Called up share capital	3	100	100
Other reserves		552,938	263,897
Shareholders' funds		553,038	263,997

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 29 December 2016

And signed on their behalf by:
P Inzani, Director

POLO BAR LTD Registered Number 04686462

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2015).

Turnover policy
Turnover comprises of revenue recognised by the company in respect of goods supplied during the year, exclusive of Value Added Tax and trade discounts.

2Tangible fixed assets

	£
Cost
At 1 April 2015	548,798
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	548,798
Depreciation
At 1 April 2015	111,951
Charge for the year	64,953
On disposals	-
At 31 March 2016	176,904
Net book values
At 31 March 2016	371,894
At 31 March 2015	436,847

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100