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Abbreviated Unaudited Accounts for the Year Ended 31 October 2016 |
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Billan Garments Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 October 2016 |
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for |
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Billan Garments Limited |
Billan Garments Limited (Registered number: 02275428) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 October 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Billan Garments Limited |
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Company Information |
for the Year Ended 31 October 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
& Registered Auditors |
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Billan Garments Limited (Registered number: 02275428) |
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Abbreviated Balance Sheet |
31 October 2016 |
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31.10.16 | 31.10.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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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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CREDITORS |
Amounts falling due after more than one
year |
( |
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( |
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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. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Billan Garments Limited (Registered number: 02275428) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 October 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 represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete |
and slow moving items. |
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Deferred tax |
Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date |
to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise, |
based on current tax rates and law. Timing differences arise from the inclusion of items of income and |
expenditure in taxation computations in periods different from those in which they are included in the |
financial statements. |
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Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be |
recovered. Deferred tax assets and liabilities are not discounted. |
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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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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's |
pension scheme are charged to the profit and loss account in the period to which they relate. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2015 |
and 31 October 2016 |
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DEPRECIATION |
At 1 November 2015 |
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Charge for year |
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At 31 October 2016 |
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NET BOOK VALUE |
At 31 October 2016 |
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At 31 October 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.16 | 31.10.15 |
value: | £ | £ |
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Ordinary Shares | £1 |
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Billan Garments Limited (Registered number: 02275428) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 October 2016 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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At 31 October 2016, other creditors include the following amounts due to directors:- |
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Mr N S Billan | £14,543 | (2015 - £11,778 | ) |
Mr M Singh | £14,788 | (2015 - £11,778 | ) |
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The loan are interest free and repayable on demand. |