Company Registration No. 05802290 (England and Wales)
B S & L CONSULTANCY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
B S & L CONSULTANCY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
B S & L CONSULTANCY LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
650
1,004
Current assets
Cash at bank and in hand
7,367
19,812
Creditors: amounts falling due within one year
(7,002)
(20,233)
Net current assets/(liabilities)
365
(421)
Total assets less current liabilities
1,015
583
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
815
383
Shareholders' funds
1,015
583
For the financial year ended 31 May 2016 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 1 February 2017
Mr B Shaw
Director
Company Registration No. 05802290
B S & L CONSULTANCY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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:
Furniture and equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015 & at 31 May 2016
1,750
Depreciation
At 1 June 2015
746
Charge for the year
354
At 31 May 2016
1,100
Net book value
At 31 May 2016
650
At 31 May 2015
1,004
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary A shares of £1 each
100
100
100 Ordinary B shares of £1 each
100
100
200
200
The Ordinary B shares have preferential distribution rights but will not be eligible for any payment beyond the nominal amount in the event of a winding up of the company and have no rights as to voting at any meeting. In all other aspects they rank pari passu with the Ordinary A shares of the company.