Abbreviated Company Accounts - THE LORD NELSON (BAY) LIMITED

Abbreviated Company Accounts - THE LORD NELSON (BAY) LIMITED

THE LORD NELSON (BAY) LIMITED - Company Information

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Registered Number 06532177

THE LORD NELSON (BAY) LIMITED

Abbreviated Accounts

31 March 2016

THE LORD NELSON (BAY) LIMITED Registered Number 06532177

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,522 7,038
6,522 7,038
Current assets
Stocks 5,281 4,310
Debtors 53 53
Cash at bank and in hand 20,557 13,186
25,891 17,549
Creditors: amounts falling due within one year (14,467) (13,314)
Net current assets (liabilities) 11,424 4,235
Total assets less current liabilities 17,946 11,273
Total net assets (liabilities) 17,946 11,273
Capital and reserves
Called up share capital 1 1
Profit and loss account 17,945 11,272
Shareholders' funds 17,946 11,273
  • 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 9 June 2016

And signed on their behalf by:
L Winward, Director

THE LORD NELSON (BAY) LIMITED Registered Number 06532177

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 represents the amount derived from the provision of goods and services falling within the company's ordinary activities, excluding VAT.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Property Improvements Not depreciated
Plant and Equipment 15% on the reducing balance

Other accounting policies
The company has taken advantage of the exemption in Financial Reporting Standard No. 1 from producing a cash flow statement on the grounds that it is a small company.

2Tangible fixed assets
£
Cost
At 1 April 2015 14,011
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 14,011
Depreciation
At 1 April 2015 6,973
Charge for the year 516
On disposals -
At 31 March 2016 7,489
Net book values
At 31 March 2016 6,522
At 31 March 2015 7,038