Company Registration No. 08638414 (England and Wales)
BLACK KNIGHT SECONDARY GLAZING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
BLACK KNIGHT SECONDARY GLAZING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BLACK KNIGHT SECONDARY GLAZING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,066
2,464
Current assets
Stocks
3,353
-
Debtors
6,009
3,545
Cash at bank and in hand
3,344
6,946
12,706
10,491
Creditors: amounts falling due within one year
(30,758)
(32,729)
Net current liabilities
(18,052)
(22,238)
Total assets less current liabilities
(15,986)
(19,774)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(15,988)
(19,776)
Shareholders' funds
(15,986)
(19,774)
For the financial year ended 31 December 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 and authorised for issue on 23 September 2016
Mr G M Payne
Director
Company Registration No. 08638414
BLACK KNIGHT SECONDARY GLAZING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 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 January 2015).
The company has made a profit in the period of £3,788 but at 31 December 2015 had net liabilities of £15,986. Trading conditions remain encouraging and the directors are confident about the company's prospects.
The company does not have any overdraft facilities and its working capital requirements are met by the support of its directors. As stated in note 12 of these financial statements, it is not currently the directors' intention to remove this financial support within the forthcoming 12 months from the date of approval of these financial statements. The financial statements, therefore, do not include any adjustments that might be necessary following the withdrawal of the financial support provided by the directors.
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:
Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
15% straight line
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.
1.7
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.
BLACK KNIGHT SECONDARY GLAZING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015 & at 31 December 2015
2,664
Depreciation
At 1 January 2015
200
Charge for the year
398
At 31 December 2015
598
Net book value
At 31 December 2015
2,066
At 31 December 2014
2,464
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 ordinary shares of £1 each
2
2