Abbreviated Company Accounts - SHRED BANK LTD

Registered Number NI065682

SHRED BANK LTD

Abbreviated Accounts

31 July 2016

SHRED BANK LTD Registered Number NI065682

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	10,185	10,185
Tangible assets	3	360,948	403,527
		371,133	413,712
Current assets
Debtors		124,454	120,292
Cash at bank and in hand		68,620	54,083
		193,074	174,375
Creditors: amounts falling due within one year		(90,974)	(68,611)
Net current assets (liabilities)		102,100	105,764
Total assets less current liabilities		473,233	519,476
Creditors: amounts falling due after more than one year		(127,050)	(174,056)
Total net assets (liabilities)		346,183	345,420
Capital and reserves
Called up share capital		1,000	1,000
Revaluation reserve		31,035	31,035
Profit and loss account		314,148	313,385
Shareholders' funds		346,183	345,420

For the year ending 31 July 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 11 April 2017

And signed on their behalf by:
Mr James Carson, Director

SHRED BANK LTD Registered Number NI065682

Notes to the Abbreviated Accounts for the period ended 31 July 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.

2Intangible fixed assets

	£
Cost
At 1 August 2015	10,185
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	10,185
Amortisation
At 1 August 2015	-
Charge for the year	-
On disposals	-
At 31 July 2016	-
Net book values
At 31 July 2016	10,185
At 31 July 2015	10,185

3Tangible fixed assets

	£
Cost
At 1 August 2015	568,429
Additions	6,055
Disposals	(20,434)
Revaluations	-
Transfers	-
At 31 July 2016	554,050
Depreciation
At 1 August 2015	164,902
Charge for the year	42,401
On disposals	(14,201)
At 31 July 2016	193,102
Net book values
At 31 July 2016	360,948
At 31 July 2015	403,527