Registered Number 09754947
BALTI BAR LIMITED
Abbreviated Accounts
30 September 2016
Notes | 2016 | ||
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£ | |||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
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Total net assets (liabilities) |
( |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
( |
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Shareholders' funds |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective from April 2008).
Turnover policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT, if any and net of discounts, if any.
Tangible assets depreciation policy
Depreciation is provided at the following annual rates, under reducing balance method, of tangible fixed assets, if any.
Buildings 2%
Furniture & Fittings 15%
Equipment and Plant 15%
Motor vehicles 15%
No depreciation is provided on freehold land
Intangible assets amortisation policy
Intangible fixed assets, if any, are amortised at 15% on a straight line basis. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.
Valuation information and policy
Stocks and work-in-progress are valued at the lower of cost and net realisable value. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
£ | |
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Cost | |
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 September 2016 |
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Depreciation | |
Charge for the year |
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On disposals |
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At 30 September 2016 |
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Net book values | |
At 30 September 2016 | 4,542 |