Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

SUBS TRADING LTD - Company Information

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SUBS TRADING LTD

Company Registration Number:
08464243 (England and Wales)

Abbreviated (Unaudited) Accounts
Company limited by guarantee

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

SUBS TRADING LTD

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Total fixed assets: 0 0
Current assets
Debtors: 2,265
Cash at bank and in hand: 3,003 215
Total current assets: 3,003 2,480
Creditors: amounts falling due within one year: ( 29,575 ) ( 28,807 )
Net current assets (liabilities): ( 26,572 ) ( 26,327 )
Total assets less current liabilities: ( 26,572 ) ( 26,327 )
Total net assets (liabilities): ( 26,572 ) ( 26,327 )

The notes form part of these financial statements

SUBS TRADING LTD

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Reserves
Income and expenditure account: ( 26,572 ) ( 26,327 )
Members funds: ( 26,572 ) ( 26,327 )

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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 30 November 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: I C Cooper
Status: Director

The notes form part of these financial statements

SUBS TRADING LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

    Turnover policy

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

    Tangible fixed assets depreciation policy

    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 and Fittings 10% straight line
    Office Equipment 25% reducing balance
    Furniture and Equipment 20% straight line

    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 circumstance indicate that the carrying value of an asset may not be fully recoverable.