American Steak Express Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01226939 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

AMERICAN STEAK EXPRESS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S A Fish

SECRETARY:

Mrs A L Fish

REGISTERED OFFICE:

The Masters House

92a Arundel Street

Sheffield

S1 4RE

REGISTERED NUMBER:

01226939 (England and Wales)

ACCOUNTANTS:

Bucknell Whitehouse Limited

The Masters House

92a Arundel Street

Sheffield

S1 4RE

FIXED ASSETS

Tangible assets

2

199

353

CURRENT ASSETS

Debtors

3,493

8,000

Cash at bank

367

315

3,860

8,315

CREDITORS

Amounts falling due within one year

35,927

39,569

NET CURRENT LIABILITIES

(32,067

)

(31,254

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(31,868

)

(30,901

)

PROVISIONS FOR LIABILITIES

40

71

NET LIABILITIES

(31,908

)

(30,972

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(31,910

)

(30,974

)

SHAREHOLDERS' FUNDS

(31,908

)

(30,972

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28 June 2017 and were signed by:

S A Fish - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis.

The company is supported by the director. The director has indicated that they will continue

to support the company until it is able to meet its debts as they fall due. The financial

statements do not include any adjustments which would be required should this support be

withdrawn.

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 services, 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.

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date where transactions or events that result in an obligation

to pay more tax in the future or a right to pay less tax in the future have occurred at the

balance sheet date. Timing differences are differences between the company's taxable profit

and loss and its results as stated in the financial statements that arise from the inclusion of

gains and losses in assessments in periods different from those in which they are

recognised in the financial statements.

A net deferred tax asset is recognised only if can be regarding as more likely than not that

there will be suitable taxable profits from which the future reversal of the underlying timing

differences can be deducted.

Deferred tax assets and liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

and 30 September 2016

470

DEPRECIATION

At 1 October 2015

117

Charge for year

154

At 30 September 2016

271

NET BOOK VALUE

At 30 September 2016

199

At 30 September 2015

353

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

£

2

Ordinary

£1

2

2