Company Registration No. 6668508 (England and Wales)
SHROPSHIRE BUSINESS DEVELOPMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
SHROPSHIRE BUSINESS DEVELOPMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
SHROPSHIRE BUSINESS DEVELOPMENT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
13,667
16,400
Tangible assets
2
220
295
13,887
16,695
Current assets
Creditors: amounts falling due within one year
(78,615)
(78,616)
Net current liabilities
(78,615)
(78,616)
Total assets less current liabilities
(64,728)
(61,921)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(64,729)
(61,922)
Shareholders' funds
(64,728)
(61,921)
For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 5 May 2017
Mr John Minchell
Director
Company Registration No. 6668508
SHROPSHIRE BUSINESS DEVELOPMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Goodwill
Goodwill, in connection with the acquisition of a business in 2007, is written off in equal annual installments over its estimated useful economic life of thirteen years.is written off in equal annual installments over its estimated useful economic life of thirteen years.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Office equipment
25% on reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2015 & at 31 August 2016
35,533
2,068
37,601
Depreciation
At 1 September 2015
19,133
1,774
20,907
Charge for the year
2,733
74
2,807
At 31 August 2016
21,866
1,848
23,714
Net book value
At 31 August 2016
13,667
220
13,887
At 31 August 2015
16,400
295
16,695
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
4
Related party relationships and transactions
SHROPSHIRE BUSINESS DEVELOPMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
4
Related party relationships and transactions
(Continued)
- 3 -
The company is under the control of Mr John Minchell who is the managing director and also the sole shareholder. shareholder.
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