Company Registration No. 06947076 (England and Wales)
BETTER BUSINESS ENERGY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
BETTER BUSINESS ENERGY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BETTER BUSINESS ENERGY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
168,573
189,080
Current assets
Debtors
777,331
508,208
Investments
20,946
22,943
Cash at bank and in hand
74,154
172,400
872,431
703,551
Creditors: amounts falling due within one year
(728,435)
(653,220)
Net current assets
143,996
50,331
Total assets less current liabilities
312,569
239,411
Provisions for liabilities
(5,748)
(9,850)
306,821
229,561
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
305,821
228,561
Shareholders' funds
306,821
229,561
For the financial year ended 31 October 2015 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 29 July 2016
Mr B Kalar
Director
Company Registration No. 06947076
BETTER BUSINESS ENERGY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 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).
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:
Land and buildings Leasehold
Nil
Fixtures, fittings & equipment
33% straightline/15% reducing balance
1.5
Investments
Current asset investments are stated at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 November 2014 & at 31 October 2015
232,937
Depreciation
At 1 November 2014
43,857
Charge for the year
20,507
At 31 October 2015
64,364
Net book value
At 31 October 2015
168,573
At 31 October 2014
189,080
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary of £1 each
1,000
1,000