Seven Entertainments (Billingham) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06498818 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

Seven Entertainments (Billingham) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr P Hargreaves

M V Barnard

REGISTERED OFFICE:

93 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

REGISTERED NUMBER:

06498818 (England and Wales)

ACCOUNTANTS:

Acuity Professional (Sellens French) LLP

91-97 Bohemia Road

St Leonards on Sea

East Sussex

TN37 6RJ

FIXED ASSETS

Tangible assets

2

11,315

22,061

CURRENT ASSETS

Stocks

3,227

2,651

Debtors

9,051

3,031

Cash at bank and in hand

17,438

16,195

29,716

21,877

CREDITORS

Amounts falling due within one year

102,295

83,545

NET CURRENT LIABILITIES

(72,579

)

(61,668

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(61,264

)

(39,607

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(61,265

)

(39,608

)

SHAREHOLDERS' FUNDS

(61,264

)

(39,607

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 April 2017 and were signed on its behalf by:

Mr P Hargreaves - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

50% on reducing balance

Plant and machinery

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 August 2015

and 31 July 2016

34,927

Depreciation

At 1 August 2015

12,866

Charge for year

10,746

At 31 July 2016

23,612

Net book value

At 31 July 2016

11,315

At 31 July 2015

22,061

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

1

Ordinary

£1

1

1