Abbreviated Company Accounts - MBT RING O BELLS LIMITED

MBT RING O BELLS LIMITED - Company Information

06489970 MBT RING O BELLS LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 06489970 2015-05-01 2016-04-30 06489970 2016-04-30 06489970 2015-04-30 06489970 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 06489970 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:Director3 2015-05-01 2016-04-30 uk-gaap-cd-bus:Director3 2016-04-30 uk-gaap-cd-bus:Director3 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 06489970

MBT RING O BELLS LIMITED

Abbreviated Accounts

30 April 2016

MBT RING O BELLS LIMITED Registered Number 06489970

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	74,021	74,370
		74,021	74,370
Current assets
Stocks		14,937	13,582
Debtors		43,786	14,572
Cash at bank and in hand		14,083	9,226
		72,806	37,380
Creditors: amounts falling due within one year		(286,163)	(291,902)
Net current assets (liabilities)		(213,357)	(254,522)
Total assets less current liabilities		(139,336)	(180,152)
Provisions for liabilities		(13,122)	(23,488)
Total net assets (liabilities)		(152,458)	(203,640)
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		(153,458)	(204,640)
Shareholders' funds		(152,458)	(203,640)

For the year ending 30 April 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 30 January 2017

And signed on their behalf by:
I Wade, Director

MBT RING O BELLS LIMITED Registered Number 06489970

Notes to the Abbreviated Accounts for the period ended 30 April 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 January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation if provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Leasehold properties - Straight line over the life of the lease
Fixtures, fittings and equipment - 15% and 25% Reducing Balance
Computer Equipment - 25% Reducing Balance

Valuation information and policy
Stock
Stock is value at the lower of cost and net realisable value.

Other accounting policies
Going Concern
The company's liabilities exceeded its assets at the year end. The company is only able to continue trading with the support of its directors who have provided assurances of this support for the foreseeable future.

2Tangible fixed assets

	£
Cost
At 1 May 2015	197,959
Additions	20,174
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	218,133
Depreciation
At 1 May 2015	123,589
Charge for the year	20,523
On disposals	-
At 30 April 2016	144,112
Net book values
At 30 April 2016	74,021
At 30 April 2015	74,370

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

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000

4Transactions with directors

Name of director receiving advance or credit:	I Wade
Description of the transaction:	Interest free loan
Balance at 1 May 2015:	£ 0
Advances or credits made:	£ 33,554
Advances or credits repaid:	-
Balance at 30 April 2016:	£ 33,554