Company Registration No. 02694076 (England and Wales)
BROADLAND DEVELOPMENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2014
BROADLAND DEVELOPMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BROADLAND DEVELOPMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2014
31 October 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
925
382
Current assets
Stocks
16,000
16,000
Debtors
1,654
1,696
Cash at bank and in hand
31,683
15,776
49,337
33,472
Creditors: amounts falling due within one year
(37,148)
(31,761)
Net current assets
12,189
1,711
Total assets less current liabilities
13,114
2,093
Capital and reserves
Called up share capital
3
300
300
Profit and loss account
12,814
1,793
Shareholders' funds
13,114
2,093
For the financial year ended 31 October 2014 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 30 June 2015
M R Green
R P Green
Director
Director
Company Registration No. 02694076
BROADLAND DEVELOPMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2014
- 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 April 2008).
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 net invoiced sales of services, excluding value added tax.
net invoiced sales of services, excluding value added tax.
1.4
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:
Computer equipment
33% on cost
1.5
Stock
Stock is valued at the lower of cost and net realisable value
, after making due allowance for obsolete and slow moving items.
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2013
2,157
Additions
1,090
At 31 October 2014
3,247
Depreciation
At 1 November 2013
1,774
Charge for the year
548
At 31 October 2014
2,322
Net book value
At 31 October 2014
925
At 31 October 2013
382
BROADLAND DEVELOPMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
50 Ordinary C of £1 each
50
50
250 Ordinary B of £1 each
250
250
300
300
4
Related party relationships and transactions
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
M R Green - Directors loan
-
1,654
-
-
-
1,654
1,654
-
-
-
1,654