Billingham Synthonia (1994) Ltd
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For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02913690
Billingham Synthonia (1994) Ltd
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
Billingham Synthonia (1994) Ltd
Accountants' Report
For the year ended 31 March 2015
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
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ended
31
March
2015
and you consider that the company is exempt from an audit under the Companies Act
2006
.
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In accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you
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to fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
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J.W.Hugill -Accountants
Room 103 The Grange Business Centre
Belasis Avenue
Billingham
TS23 1LG
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Abbreviated Balance Sheet
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Billingham Synthonia (1994) Ltd
2015
2014
2
50,256
56,141
50,256
56,141
2,134
1,012
2
2
8,002
1,972
9,016
4,108
Creditors
:
amounts falling due within one year
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(5,590)
(7,289)
(1,482)
1,727
Net current assets
Total assets less current liabilities
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51,983
54,659
Creditors
:
amounts falling due after more than one year
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(69,553)
(65,681)
(13,698)
Net liabilities
(14,894)
100
100
9,900
9,900
(23,698)
(24,894)
(13,698)
(14,894)
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 22 October 2015
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Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
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Billingham Synthonia (1994) Ltd
For the year ended 31 March 2015
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Land and Buildings
Plant and equipment
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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150,516
150,516
94,375
5,885
Charge for year
100,260
50,256
56,141
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