| The Race Hut Limited |
| Registered number: |
07990182 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
578 |
|
|
13,507 |
|
| Current assets |
| Stocks |
|
|
410 |
|
|
410 |
| Debtors |
|
|
11,506 |
|
|
11,506 |
| Cash at bank and in hand |
|
|
16,321 |
|
|
13,677 |
|
|
|
28,237 |
|
|
25,593 |
|
| Creditors: amounts falling due within one year |
|
|
(7,028) |
|
|
(2,120) |
|
| Net current assets |
|
|
|
21,209 |
|
|
23,473 |
|
| Total assets less current liabilities |
|
|
|
21,787 |
|
|
36,980 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(79,602) |
|
|
(100,340) |
|
|
|
| Net liabilities |
|
|
|
(57,815) |
|
|
(63,360) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
70 |
|
|
70 |
| Profit and loss account |
|
|
|
(57,885) |
|
|
(63,430) |
|
| Shareholders' funds |
|
|
|
(57,815) |
|
|
(63,360) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| D G Goode |
| Director |
| Approved by the board on 31 December 2016 |
|
| The Race Hut Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
Leasehold amortisation |
33.33% Straight line |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
74,087 |
|
Disposals |
(8,898) |
|
At 31 March 2016 |
65,189 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
60,580 |
|
Charge for the year |
10,678 |
|
On disposals |
(6,647) |
|
At 31 March 2016 |
64,611 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
578 |
|
At 31 March 2015 |
13,507 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
70 |
|
30 |
|
30 |
|
Redeemable Ordinary shares |
£1 each |
|
40 |
|
40 |
|
40 |
|
|
|
|
|
|
70 |
|
70 |
|
|
|
|
|
|
|
|
|
