Bonavista Limited - Abbreviated accounts 16.3
Bonavista Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
FOR |
BONAVISTA LIMITED |
BONAVISTA LIMITED (REGISTERED NUMBER: 07775409) |
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 | 4 |
BONAVISTA LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
BONAVISTA LIMITED (REGISTERED NUMBER: 07775409) |
ABBREVIATED BALANCE SHEET |
30 SEPTEMBER 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their 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. |
BONAVISTA LIMITED (REGISTERED NUMBER: 07775409) |
ABBREVIATED BALANCE SHEET - continued |
30 SEPTEMBER 2016 |
The financial statements were approved by the Board of Directors on behalf by: |
BONAVISTA LIMITED (REGISTERED NUMBER: 07775409) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
1. | ACCOUNTING POLICIES |
Going concern |
The company has the full backing from the shareholders who will continue to support the business |
since the main trade has been sold. The shareholders have considered the risks and issues |
concerning the company and its activities and conclude that there are no material uncertainties that |
may cast significant doubt about the company's ability to continue as a going concern. |
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 the invoiced value of goods sold and services provided during the year, inclusive |
of Value Added Tax where applicable. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, was being |
amortised evenly over its estimated useful life of ten years. However the asset was sold during the |
year so the policy no longer applies and no amortisation has been charged this year. |
Tangible fixed assets |
All assets were sold during the year therefore no depreciation has been charged. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
over the period of the lease. |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2015 |
Disposals | ( |
) |
At 30 September 2016 |
AMORTISATION |
At 1 October 2015 |
Eliminated on disposal | ( |
) |
At 30 September 2016 |
NET BOOK VALUE |
At 30 September 2016 |
At 30 September 2015 |
BONAVISTA LIMITED (REGISTERED NUMBER: 07775409) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 October 2015 |
Disposals | ( |
) |
At 30 September 2016 |
DEPRECIATION |
At 1 October 2015 |
Eliminated on disposal | ( |
) |
At 30 September 2016 |
NET BOOK VALUE |
At 30 September 2016 |
At 30 September 2015 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |