Company Registration No. 06857934 (England and Wales)
BEAR HUG EVENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
BEAR HUG EVENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BEAR HUG EVENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
23,491
14,786
Current assets
Debtors
1,156
1,649
Cash at bank and in hand
5,348
2,952
6,504
4,601
Creditors: amounts falling due within one year
3
(17,559)
(10,739)
Net current liabilities
(11,055)
(6,138)
Total assets less current liabilities
12,436
8,648
Creditors: amounts falling due after more than one year
4
(3,056)
(4,652)
Provisions for liabilities
(3,203)
(2,642)
6,177
1,354
Capital and reserves
Called up share capital
5
2
2
Profit and loss account
6,175
1,352
Shareholders' funds
6,177
1,354
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 23 December 2016
T Harding
Director
Company Registration No. 06857934
BEAR HUG EVENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
No depreciation
Plant and machinery
Computer equipment
25% Straight line
Fixtures, fittings & equipment
25% Straight line
Motor vehicles
25% Reducing balance
1.5
Revenue recognition
Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.
BEAR HUG EVENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
19,711
Additions
13,320
At 31 March 2016
33,031
Depreciation
At 1 April 2015
4,925
Charge for the year
4,615
At 31 March 2016
9,540
Net book value
At 31 March 2016
23,491
At 31 March 2015
14,786
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £1,595 (2015 - £1,595).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £3,056 (2015 - £4,652).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
0 Ordinary Shares of £1 each
-
2
1 'A' Ordianty Shares of £1 each
1
-
1 'B' Ordinary Shares of £1 each
1
-
2
2
During the year 2 Ordinary shares were reclassified as 1 'A' Ordinary share and 1 'B' Ordinary share.