B S Pallets Limited - Limited company - abbreviated - 11.6

B S Pallets Limited - Limited company - abbreviated - 11.6

B S PALLETS LIMITED - Company Information

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REGISTERED NUMBER: 03451645 (England and Wales)













Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

for

B S Pallets Limited

B S Pallets Limited (Registered number: 03451645)






Contents of the Abbreviated Accounts
for the Year Ended 31 May 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

B S Pallets Limited

Company Information
for the Year Ended 31 May 2014







DIRECTOR: J Bowley





SECRETARY: Mrs J Bowley





REGISTERED OFFICE: 99 Westmead Road
Sutton
Surrey
SM1 4HX





REGISTERED NUMBER: 03451645 (England and Wales)





ACCOUNTANTS: Freshwater Associates Limited
99 Westmead Road
Sutton
Surrey
SM1 4HX
Page 1
B S Pallets Limited (Registered number: 03451645)

Abbreviated Balance Sheet
31 May 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 35,237 45,726

CURRENT ASSETS
Stocks 45,108 34,924
Debtors 86,717 81,484
Cash at bank and in hand 31,027 16,474
162,852 132,882
CREDITORS
Amounts falling due within one year 56,920 56,595
NET CURRENT ASSETS 105,932 76,287
TOTAL ASSETS LESS CURRENT
LIABILITIES
141,169
122,013

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 141,069 121,913
SHAREHOLDERS' FUNDS 141,169 122,013

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 18 February 2015 and were signed by:





J Bowley - Director


The notes form part of these abbreviated accounts

Page 2
B S Pallets Limited (Registered number: 03451645)

Notes to the Abbreviated Accounts
for the Year Ended 31 May 2014

1. ACCOUNTING POLICIES

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).

Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are
physically delivered to the customer.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 June 2013
and 31 May 2014 176,258
DEPRECIATION
At 1 June 2013 130,532
Charge for year 10,489
At 31 May 2014 141,021
NET BOOK VALUE
At 31 May 2014 35,237
At 31 May 2013 45,726

Page 3 continued...
B S Pallets Limited (Registered number: 03451645)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 May 2014

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary 1 100 100

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The company rents from Mr. J. Bowley (Director) equipment,property and vehicles, all on normal commercial
terms. The total rental paid during the financial year was £15,300 (2013 £15,300). The total amount outstanding
at the year end was nil (2013 nil).

Page 4