DAVID_BALL_AGENCIES_LTD - Accounts

DAVID BALL AGENCIES LTD - Company Information

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Company Registration No. 08098843 (England and Wales)

DAVID BALL AGENCIES LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

DAVID BALL AGENCIES LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

DAVID BALL AGENCIES LTD

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

300,000

Current assets

Debtors

25,338

155

Cash at bank and in hand

381,887

292,044

407,225

292,199

Creditors: amounts falling due within one year

(538,698)

(510,626)

Net current liabilities

(131,473)

(218,427)

Total assets less current liabilities

168,527

81,573

Capital and reserves

Called up share capital

100

Profit and loss account

168,427

81,473

Shareholders' funds

168,527

81,573

For the financial year ended 31 August 2014 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 9 February 2015

Mr D Ball

Mrs A H Ball

Mr R A Holder

Director

Company Registration No. 08098843

DAVID BALL AGENCIES LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

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 April 2008).

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

Goodwill

The directors consider acquired goodwill is not to have suffered any impairment in the period and accordingly no charge for amortisation has been included in the accounts.

Fixed assets

Intangible assets

Cost

At 1 September 2013 & at 31 August 2014

300,000

At 31 August 2013

300,000

Share capital

2014

2013

Allotted, called up and fully paid

75 Ordinary "A" Shares of £1 each

25 Ordinary "B" Shares of £1 each

100

Profits are allocated to the reserves for "A" and "B" shares pro rata and dividends will be paid from these separate reserves.

Related party relationships and transactions

Other transactions

Office, staff and other operating costs of the company have been paid for by David Ball Agencies, a partnership of which the directors are partners. During the year Management charges of £87,500 were paid to the partnership in settlement of these operating costs.