Company Registration No. 07793966 (England and Wales)
VICTORIAS CABARET CLUB LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2016
VICTORIAS CABARET CLUB LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
VICTORIAS CABARET CLUB LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
100,000
112,500
Tangible assets
2
1,199
1,411
101,199
113,911
Current assets
Stocks
12,300
12,300
Debtors
11,364
10,453
Cash at bank and in hand
6,204
3,805
29,868
26,558
Creditors: amounts falling due within one year
(132,148)
(150,082)
Net current liabilities
(102,280)
(123,524)
Total assets less current liabilities
(1,081)
(9,613)
Capital and reserves
Called up share capital
3
10
2
Profit and loss account
(1,091)
(9,615)
Shareholders' funds
(1,081)
(9,613)
For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 17 July 2017
Mrs Jeanette Holley
Director
Company Registration No. 07793966
VICTORIAS CABARET CLUB LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
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:
Fixtures, fittings & equipment
15% Reducing Balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 November 2015 & at 31 October 2016
125,000
1,736
126,736
Depreciation
At 1 November 2015
12,500
325
12,825
Charge for the year
12,500
212
12,712
At 31 October 2016
25,000
537
25,537
Net book value
At 31 October 2016
100,000
1,199
101,199
At 31 October 2015
112,500
1,411
113,911
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10 Ordinary of £1 each
10
2
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