Company Registration No. 03220846 (England and Wales)
BENDCRETE LEISURE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015
BENDCRETE LEISURE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BENDCRETE LEISURE LTD
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2015
30 June 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
36,089
21,485
Current assets
Stocks
152,035
113,240
Debtors
274,134
111,346
Cash at bank and in hand
56,646
34,081
482,815
258,667
Creditors: amounts falling due within one year
(232,448)
(165,672)
Net current assets
250,367
92,995
Total assets less current liabilities
286,456
114,480
Provisions for liabilities
(6,198)
(3,053)
280,258
111,427
Capital and reserves
Called up share capital
3
103
100
Profit and loss account
280,155
111,327
Shareholders' funds
280,258
111,427
For the financial year ended 30 June 2015 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 31 March 2016
W P Davies
Director
Company Registration No. 03220846
BENDCRETE LEISURE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 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 April 2008).
The company is expected to continue to generate positive cash flows on its own account for the foreseeable future. On this basis, and on assessment of the company's financial position, the company directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT.
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:
Plant and machinery
15% Reducing balance
Fixtures, fittings & equipment
15% Reducing balance
Motor vehicles
25% Reducing Balance
1.4
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
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.
BENDCRETE LEISURE LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2014
134,892
Additions
23,493
Disposals
(4,000)
At 30 June 2015
154,385
Depreciation
At 1 July 2014
113,407
On disposals
(1,750)
Charge for the year
6,639
At 30 June 2015
118,296
Net book value
At 30 June 2015
36,089
At 30 June 2014
21,485
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary of 10p each
100
100
30 Ordinary B of 10p each
3
-
103
100
During the year
30
ordinary
B
shares of £
0.10
each were allotted and fully paid at
par.
4
Ultimate parent company
The ultimate controlling party is
G W Bendall, a director, by virtue of his majority shareholding.