Billion Watt Ltd
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Registered number: |
07933512
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Abbreviated Balance Sheet |
as at 29 February 2016
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|
Notes |
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|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Investments |
2 |
|
|
100 |
|
|
100 |
|
Current assets |
Debtors |
|
|
13,110 |
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17,836 |
Cash at bank and in hand |
|
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41,835 |
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77,218 |
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54,945 |
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95,054 |
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Creditors: amounts falling due within one year |
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(5,121) |
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(14,970) |
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Net current assets |
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49,824 |
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80,084 |
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Net assets |
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49,924 |
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80,184 |
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Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
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49,824 |
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80,084 |
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Shareholders' funds |
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|
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49,924 |
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80,184 |
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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|
R Heath |
Director |
Approved by the board on 1 May 2016
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|
Billion Watt Ltd
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Notes to the Abbreviated Accounts |
for the year ended 29 February 2016
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been 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 |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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2 |
Investments |
£ |
|
|
Cost |
|
At 1 March 2015 |
100 |
|
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At 29 February 2016 |
100 |
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The company holds 20% or more of the share capital of the following companies: |
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Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Billion Watt Photography Ltd |
Ordinary |
100 |
|
- |
|
- |
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
- |
|
100 |
|
100 |
4 |
Subsidiary undertakings and joint ventures |
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Billion Watt Ltd has formed a wholly owned subsidiary, Billion Watt Photography Ltd, which is registered in England. Billion Watt Photography Limited prepares and files its own accounts. Billion Watt Ltd is a limited partner of Billion Watt Associates, which is registered in England. The results of this partnership are proportionately consolidated in the statements above. Advantage has been taken of the exemption conferred by regulation 7 of The Partnership and Unlimited Companies (Accounts) Regulations 1993 from the requirements to deliver to the Registrar of Companies and publish the annual accounts of this partnership. |
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