Oasis Watering Hole Limited - Abbreviated accounts 16.3

Oasis Watering Hole Limited - Abbreviated accounts 16.3

OASIS WATERING HOLE LIMITED - Company Information

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REGISTERED NUMBER: 05112124 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Oasis Watering Hole Limited

Oasis Watering Hole Limited (Registered number: 05112124)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Oasis Watering Hole Limited

Company Information
for the Year Ended 30 September 2016







DIRECTOR: C Taylor





REGISTERED OFFICE: St Christopher's
Storeton Lane
Barnston
Wirral
CH61 1BU





REGISTERED NUMBER: 05112124 (England and Wales)





ACCOUNTANTS: Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW
Page 1
Oasis Watering Hole Limited (Registered number: 05112124)

Abbreviated Balance Sheet
30 September 2016

30.9.16 30.9.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 22,500 25,000
Tangible assets 3 1,332 1,504
23,832 26,504

CURRENT ASSETS
Stocks 10,468 12,647
Debtors 34 61
Cash in hand 391 4,699
10,893 17,407
CREDITORS
Amounts falling due within one year 45,700 50,801
NET CURRENT LIABILITIES (34,807 ) (33,394 )
TOTAL ASSETS LESS CURRENT LIABILITIES (10,975 ) (6,890 )

CREDITORS
Amounts falling due after more than one year 1,303 3,132
NET LIABILITIES (12,278 ) (10,022 )

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account (12,280 ) (10,024 )
SHAREHOLDERS' FUNDS (12,278 ) (10,022 )

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:





C Taylor - Director


The notes form part of these abbreviated accounts

Page 2
Oasis Watering Hole Limited (Registered number: 05112124)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2016

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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

Improvements to property - Straight line over 20 years
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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.

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 50,000
AMORTISATION
At 1 October 2015 25,000
Amortisation for year 2,500
At 30 September 2016 27,500
NET BOOK VALUE

At 30 September 2016 22,500
At 30 September 2015 25,000

Page 3 continued...
Oasis Watering Hole Limited (Registered number: 05112124)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 18,122
Additions 221
At 30 September 2016 18,343
DEPRECIATION
At 1 October 2015 16,618
Charge for year 393
At 30 September 2016 17,011
NET BOOK VALUE
At 30 September 2016 1,332
At 30 September 2015 1,504

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.16 30.9.15
value: £    £   
2 Ordinary £1 2 2

Page 4