Company Registration No. 07211078 (England and Wales)
BULBOUS UK LTD
Abbreviated unaudited accounts
for the year ended 31 March 2016
BULBOUS UK LTD
Abbreviated Balance Sheet
as at
31 March 2016
Intangible assets
4,250
7,650
Tangible assets
1,430
834
Cash at bank and in hand
79,504
50,876
Creditors: amounts falling due within one year
(34,132)
(18,972)
Net current assets
103,353
67,577
Net assets
109,033
76,061
Called up share capital
4
1
Profit and loss account
109,029
76,060
Total shareholders' funds
109,033
76,061
For the year ending 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 15 December 2016
Mr S TOWNSEND
Director
Company Registration No. 07211078
BULBOUS UK LTD
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
2
Intangible fixed assets
Goodwill
Charge for the year
3,400
BULBOUS UK LTD
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
3
Tangible fixed assets
Motor vehicles
Computer equipment
Total
At 1 April 2015
2,597
923
3,520
At 31 March 2016
2,597
1,399
3,996
At 1 April 2015
1,981
705
2,686
Charge for the year
154
322
476
On disposals
-
(596)
(596)
At 31 March 2016
2,135
431
2,566
At 31 March 2016
462
968
1,430
At 31 March 2015
616
218
834
4
Share capital
2016
2015
Allotted, called up and fully paid:
2 Ordinary 'A' shares of £1 each
2
1
2 Ordinary 'B' shares of £1 each
2
-
Shares issued during the period:
1 Ordinary 'A' shares of £1 each
1
2 Ordinary 'B' shares of £1 each
2