Company Registration No. 06058421 (England and Wales)
BEVERLEY BLINDS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
BEVERLEY BLINDS LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
BEVERLEY BLINDS LTD
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
24,193
11,031
Current assets
Stocks
20,500
7,500
Debtors
2,723
-
Cash at bank and in hand
23,156
9,594
46,379
17,094
Creditors: amounts falling due within one year
(51,476)
(25,140)
Net current liabilities
(5,097)
(8,046)
Total assets less current liabilities
19,096
2,985
Creditors: amounts falling due after more than one year
(8,835)
-
Provisions for liabilities
(4,535)
-
5,726
2,985
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
5,725
2,984
Shareholders' funds
5,726
2,985
BEVERLEY BLINDS LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2016
30 June 2016
- 2 -
For the financial year ended 30 June 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 25 November 2016
Mr J Beverley
Director
Company Registration No. 06058421
BEVERLEY BLINDS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
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 net of VAT and trade discounts.
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:
Fixtures, fittings & equipment
25% straight line
Motor vehicles
10% straight line
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
30,409
Additions
18,645
Disposals
(4,105)
At 30 June 2016
44,949
Depreciation
At 1 July 2015
19,378
On disposals
(4,105)
Charge for the year
5,483
At 30 June 2016
20,756
Net book value
At 30 June 2016
24,193
At 30 June 2015
11,031
BEVERLEY BLINDS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary of £1 each
1
1
4
Transactions with directors
At 30th June 2016 the amount owed to the director Mr J Beverley on his director's current account was £7,854
5
Ultimate parent company
The company is controlled by Mr J Beverley, the director appointed on 20th July 2015, who owns 100% of the voting shares from 11th August 2015.