Butefest Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC493762 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2016

for

Butefest Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T Stobart

REGISTERED OFFICE:

69 Ardbeg Road

Rothesay

Isle of Bute

PA20 0NN

REGISTERED NUMBER:

SC493762 (Scotland)

ACCOUNTANTS:

Henderson & Company

73 Union Street

Greenock

Renfrewshire

PA16 8BG

CURRENT ASSETS

Stocks

-

1,186

Cash at bank and in hand

19,290

4,404

19,290

5,590

CREDITORS

Amounts falling due within one year

31,074

30,173

NET CURRENT LIABILITIES

(11,784

)

(24,583

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,784

)

(24,583

)

RESERVES

Profit and loss account

(11,784

)

(24,583

)

(11,784

)

(24,583

)

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 20 June 2017 and were signed by:

T Stobart - 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.

Stocks

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

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	LIMITED BY GUARANTEE

The Company is limited by guarantee and has no Share Capital.