Company Registration No. 09581378 (England and Wales)
BALUSTRADE COMPONENTS UK LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2016
BALUSTRADE COMPONENTS UK LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BALUSTRADE COMPONENTS UK LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
Notes
£
£
Fixed assets
Tangible assets
2
45,403
Current assets
Stocks
74,955
Debtors
96,638
Cash at bank and in hand
2,991
174,584
Creditors: amounts falling due within one year
(156,536)
Net current assets
18,048
Total assets less current liabilities
63,451
Capital and reserves
Called up share capital
3
60,000
Profit and loss account
3,451
Shareholder's funds
63,451
For the financial period ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the period 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 27 September 2016
Mr P D Startin
Director
Company Registration No. 09581378
BALUSTRADE COMPONENTS UK LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MAY 2016
- 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).
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
20% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
50% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 8 May 2015
-
Additions
56,707
At 31 May 2016
56,707
Depreciation
At 8 May 2015
-
Charge for the period
11,304
At 31 May 2016
11,304
Net book value
At 31 May 2016
45,403
3
Share capital
2016
£
Allotted, called up and fully paid
60,000 Ordinary shares of £1 each
60,000