B.V.M. Limited
|
Registered number: |
02328010
|
Abbreviated Balance Sheet |
as at 30 April 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
21,942 |
|
|
27,773 |
|
Current assets |
Stocks |
|
|
292,631 |
|
|
271,203 |
Debtors |
|
|
438,662 |
|
|
418,799 |
Cash at bank and in hand |
|
|
45,880 |
|
|
87,316 |
|
|
|
777,173 |
|
|
777,318 |
|
Creditors: amounts falling due within one year |
|
|
(613,854) |
|
|
(477,771) |
|
Net current assets |
|
|
|
163,319 |
|
|
299,547 |
|
Total assets less current liabilities |
|
|
|
185,261 |
|
|
327,320 |
|
Creditors: amounts falling due after more than one year |
|
|
|
- |
|
|
(25,206) |
|
|
|
Net assets |
|
|
|
185,261 |
|
|
302,114 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
72,070 |
|
|
72,070 |
Share premium |
|
|
|
75,120 |
|
|
75,120 |
Other reserves |
|
|
|
12,810 |
|
|
12,810 |
Profit and loss account |
|
|
|
25,261 |
|
|
142,114 |
|
Shareholders' funds |
|
|
|
185,261 |
|
|
302,114 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
Mr R J Clarke |
Director |
Approved by the board on 14 July 2016
|
|
B.V.M. Limited
|
Notes to the Abbreviated Accounts |
for the year ended 30 April 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 amounts invoiced to customers during the year, net of value added tax and discounts, for goods and services provided. The customer is invoiced on despatch which is when turnover is recognised and the company has the right to consideration.
|
|
|
Depreciation |
|
Depreciation has been provided so as to write off the cost of assets, less their estimated residual values, over their estimated useful lives at the following rates: |
|
|
Plant and machinery |
between 3 and 7 years straight line
|
|
Motor vehicles |
25% straight line
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stock. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Contributions are charged to the profit and loss account as they become payable. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2015 |
166,781 |
|
Additions |
13,123 |
|
Disposals |
(37,012) |
|
At 30 April 2016 |
142,892 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2015 |
139,008 |
|
Charge for the year |
18,954 |
|
On disposals |
(37,012) |
|
At 30 April 2016 |
120,950 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2016 |
21,942 |
|
At 30 April 2015 |
27,773 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
72,070 |
|
72,070 |
|
72,070 |
|
|
|
|
|
|
|
|
|