Belmount Products Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04338833 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

FOR

BELMOUNT PRODUCTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr E R Ursell

REGISTERED OFFICE:

14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

REGISTERED NUMBER:

04338833 (England and Wales)

ACCOUNTANTS:

Sullivans Chartered Accountants

13-14 Gelliwastad Road

Pontypridd

Rhondda Cynon Taf

CF37 2BW

FIXED ASSETS

Tangible assets

2

1,080

1,350

CURRENT ASSETS

Debtors

7,727

5,234

Cash at bank

158

2,368

7,885

7,602

CREDITORS

Amounts falling due within one year

7,287

5,561

NET CURRENT ASSETS

598

2,041

TOTAL ASSETS LESS CURRENT LIABILITIES

1,678

3,391

PROVISIONS FOR LIABILITIES

216

270

NET ASSETS

1,462

3,121

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

1,458

3,117

SHAREHOLDERS' FUNDS

1,462

3,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 November 2014 and were signed by:

Mr E R Ursell - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

No material uncertainties that may cast significant doubt about the ability of the company to continue as a going

concern have been identified by the directors.

Therefore the financial statements have been prepared on a going concern basis.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of

certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date,

except as required by the FRSSE.

Deferred tax is measured at the rates that are expected to apply when the timing differences are expected to

reverse, based on the tax rates and law enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

and 31 May 2014

7,904

DEPRECIATION

At 1 June 2013

6,554

Charge for year

270

At 31 May 2014

6,824

NET BOOK VALUE

At 31 May 2014

1,080

At 31 May 2013

1,350

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/5/14

31/5/13

value:

£

£

2

Ordinary 'A'

£1

2

2

1

Ordinary 'B'

£1

1

1

1

Ordinary 'C'

£1

1

1

4

4

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2014 and

31 May 2013:

31/5/14

31/5/13

£

£

Mr E R Ursell

Balance outstanding at start of year

(228

)

(2,995

)

Amounts advanced

8,606

11,711

Amounts repaid

(9,102

)

(8,944

)

Balance outstanding at end of year

(724

)

(228

)

As at the year end the company owed Mr E Ursell £724 (2013 the company owed Mr E Ursell £228).