Company Registration No. 08088939 (England and Wales)
BILKEY AND BRAY LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
BILKEY AND BRAY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BILKEY AND BRAY LIMITED
ABBREVIATED BALANCE SHEET - UNAUDITED
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
206,981
216,840
Current assets
Debtors
6,506
11,958
Cash at bank and in hand
18,444
11,956
24,950
23,914
Creditors: amounts falling due within one year
3
(40,016)
(36,625)
Net current liabilities
(15,066)
(12,711)
Total assets less current liabilities
191,915
204,129
Creditors: amounts falling due after more than one year
4
(110,313)
(147,098)
Provisions for liabilities
(20,092)
(13,650)
61,510
43,381
Capital and reserves
Called up share capital
5
100
100
Profit and loss account
61,410
43,281
Shareholders' funds
61,510
43,381
For the financial year ended 31 May 2016 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 for issue on 20 January 2017
Mr R Bray
Director
Company Registration No. 08088939
BILKEY AND BRAY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS - UNAUDITED
FOR THE YEAR 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
Turnover
Turnover represents amounts receivable from the production of electricity . Turnover and profit before taxation are attributable to the one principal activity of the company, all of which arises in the United Kingdom.
from the production of electricity
. Turnover and profit before taxation are attributable to the one principal activity of the company, all of which arises in the United Kingdom.
1.3
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
4% per annum on the straight line method
1.4
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.
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015 & at 31 May 2016
246,471
Depreciation
At 1 June 2015
29,631
Charge for the year
9,859
At 31 May 2016
39,490
Net book value
At 31 May 2016
206,981
At 31 May 2015
216,840
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £36,248 (2015 - £34,662).
BILKEY AND BRAY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS - UNAUDITED (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 3 -
4
Creditors: amounts falling due after more than one year
2016
2015
£
£
Analysis of loans repayable in more than five years
Total amounts repayable by instalments which are due in more than five years
-
(1,600)
The aggregate amount of creditors for which security has been given amounted to £110,313 (2015 - £147,098).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100