REGISTERED NUMBER:
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BIGWOOD FINE ART AUCTIONEERS LIMITED |
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ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016 |
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REGISTERED NUMBER:
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BIGWOOD FINE ART AUCTIONEERS LIMITED |
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ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016 |
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BIGWOOD FINE ART AUCTIONEERS LIMITED (REGISTERED NUMBER: 02013405) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2016 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
BIGWOOD FINE ART AUCTIONEERS LIMITED (REGISTERED NUMBER: 02013405) |
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ABBREVIATED BALANCE SHEET |
30 JUNE 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
BIGWOOD FINE ART AUCTIONEERS LIMITED (REGISTERED NUMBER: 02013405) |
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ABBREVIATED BALANCE SHEET - continued |
30 JUNE 2016 |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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BIGWOOD FINE ART AUCTIONEERS LIMITED (REGISTERED NUMBER: 02013405) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 JUNE 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in |
accordance with the Financial Reporting Standard for Smaller Entities (effective January |
2015). |
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Turnover |
Turnover is the value of goods and services provided to customers during the year with |
revenue being recognised with respect to the services as contractual activity progresses |
excluding value added tax and sales of fixed assets. The turnover is derived wholly from |
within the United Kingdom. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight |
line basis over the period of the lease. |
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Pensions |
The company operates a defined contribution pension scheme covering the majority of its |
permanent employees. The scheme funds are administered by trustees and are |
independent of the company's finances. The company's contributions to the scheme are |
charged to the profit and loss account as they accrue. Differences between contributions |
payable and paid are included in accruals or prepayments in the balance sheet. |
BIGWOOD FINE ART AUCTIONEERS LIMITED (REGISTERED NUMBER: 02013405) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 JUNE 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 July 2015 |
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Additions |
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At 30 June 2016 |
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DEPRECIATION |
At 1 July 2015 |
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Charge for year |
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At 30 June 2016 |
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NET BOOK VALUE |
At 30 June 2016 |
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At 30 June 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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