Abbreviated Company Accounts - NEWS & BOOZE (UK) LIMITED

NEWS & BOOZE (UK) LIMITED - Company Information

05785455 NEWS & BOOZE (UK) LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 05785455 2015-05-01 2016-04-30 05785455 2016-04-30 05785455 2015-04-30 05785455 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 05785455 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 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 05785455

NEWS & BOOZE (UK) LIMITED

Abbreviated Accounts

30 April 2016

NEWS & BOOZE (UK) LIMITED Registered Number 05785455

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	80,000	80,000
Tangible assets	3	158,985	170,338
		238,985	250,338
Current assets
Stocks		61,875	94,675
Debtors		8,317	4,258
Cash at bank and in hand		41,834	25,054
		112,026	123,987
Creditors: amounts falling due within one year		(56,917)	(64,366)
Net current assets (liabilities)		55,109	59,621
Total assets less current liabilities		294,094	309,959
Creditors: amounts falling due after more than one year		(293,608)	(307,172)
Total net assets (liabilities)		486	2,787
Capital and reserves
Called up share capital	4	3	3
Profit and loss account		483	2,784
Shareholders' funds		486	2,787

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 23 February 2017

And signed on their behalf by:
J SINGH, Director

NEWS & BOOZE (UK) LIMITED Registered Number 05785455

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements 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 comprises shop takings and invoiced sales, net of returns, discounts and Value Added Tax.
Turnover is recognised at the point of sale or delivery.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a reducing balance method as follows:
Fixtures and fittings - 20%
Motor vehicles - 20%

Intangible assets amortisation policy
Goodwill arising on acquisition is capitalised and has, in the opinion of the directors, an indefinate useful economic life and as such, amortisation is not provided.

Other accounting policies
Stock
Stocks are valued at the lower of cost and net realisable value, after allowing for slow moving and obsolete items.

2Intangible fixed assets

	£
Cost
At 1 May 2015	80,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	80,000
Amortisation
At 1 May 2015	-
Charge for the year	-
On disposals	-
At 30 April 2016	-
Net book values
At 30 April 2016	80,000
At 30 April 2015	80,000

3Tangible fixed assets

	£
Cost
At 1 May 2015	307,594
Additions	2,606
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	310,200
Depreciation
At 1 May 2015	137,256
Charge for the year	13,959
On disposals	-
At 30 April 2016	151,215
Net book values
At 30 April 2016	158,985
At 30 April 2015	170,338

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
3 Ordinary shares of £1 each	3	3