Blackburn Distributions Ltd
|
For the year ended 31 July 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06310918
Blackburn Distributions Ltd
For the year ended 31 July 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Accountants' Report
For the year ended 31 July 2015
Blackburn Distributions Ltd
As described in the balance sheet you are responsible for the preparation of the financial statements for the year
|
ended
31
July
2015
and you consider that the company is exempt from an audit under the Companies Act
2006
.
In
|
accordance with your instructions
,
we have compiled these unaudited financial statements in order to assist you to
|
fulfil your statutory responsibilities
,
from the accounting records and information and explanations supplied to us
.
|
John Fallows Accountants Ltd
Certified Practising Accountants
13 Lyndhurst Rd
Burnley
Lancashire
BB10 4ED
11 March 2016
1 of 4
Abbreviated Balance Sheet
|
Blackburn Distributions Ltd
2015
2014
2
13,824
4,096
13,824
4,096
44,317
54,220
510
-
31,234
79,425
85,454
124,252
Creditors
:
amounts falling due within one year
|
(88,901)
(56,421)
35,351
29,033
Net current assets
Total assets less current liabilities
|
42,857
39,447
Creditors
:
amounts falling due after more than one year
|
3
-
(4,927)
37,930
Net assets
39,447
100
4
100
37,830
39,347
37,930
39,447
Shareholders funds
For the year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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Date approved by the board: 11 March 2016
|
Signed on behalf of the board of directors
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2 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 July 2015
Blackburn Distributions Ltd
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover comprises the invoiced value of goods and services supplied by the company, exclusive of Value Added Tax and net of trade discounts.
|
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and Machinery
Computer Equipment
Fixtures and Fittings
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
3 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 July 2015
Blackburn Distributions Ltd
6,524
12,441
18,965
2,428
2,713
Charge for year
5,141
13,824
4,096
2014
2015
3
Creditors due after more than one year
|
4,927
-
Allotted called up and fully paid
|
2015
2014
100
Ordinary shares of £
1
.
00
each
|
100
100
100
100
Ben Blackburn
Current Account
-
29,470
30,118
-
648
-
29,470
30,118
0
648
4 of 4