Performancebar Ltd Small abbreviated accounts

PERFORMANCEBAR LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 08264187

PERFORMANCEBAR LTD

UNAUDITED ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

31 October 2016

PERFORMANCEBAR LTD

ABBREVIATED BALANCE SHEET

31 October 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Tangible assets			13,267	8,660
			--------	-------

CURRENT ASSETS

Stocks	7,857		7,739
Cash at bank and in hand	5,992		4,067
	--------		--------
	13,849		11,806
CREDITORS: Amounts falling due within one year	19,447		14,395
	--------		--------
NET CURRENT LIABILITIES		( 5,598)	( 2,589)
		--------	-------
TOTAL ASSETS LESS CURRENT LIABILITIES		7,669	6,071
		--------	-------

CAPITAL AND RESERVES

Called up equity share capital	4	1	1
Profit and loss account		7,668	6,070
		-------	-------
SHAREHOLDERS' FUNDS		7,669	6,071
		-------	-------

For the year ended 31st October 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 accounts for the year in question in accordance with section 476; and

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved and signed by the director and authorised for issue on 6 June 2017 .

Mr H Patel Director

Company Registration Number: 08264187

PERFORMANCEBAR LTD

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31ST OCTOBER 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings-25% reducing balance

Stocks

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

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1st November 2015	19,513
Additions	9,029
	--------
At 31st October 2016	28,542
	--------

DEPRECIATION

At 1st November 2015	10,853
Charge for year	4,422
	--------
At 31st October 2016	15,275
	--------

NET BOOK VALUE

At 31st October 2016	13,267
	--------

At 31st October 2015	8,660
	--------

3. RELATED PARTY TRANSACTIONS

The company was under the control of Mr H Patel throughout the current period. Mr H Patel is the managing director and sole shareholder. No transactions with related parties were undertaken such as are required to be disclosed under the FRSSE.

4. SHARE CAPITAL

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----