Abbreviated Company Accounts - BPF PAINT FINISHERS LTD

BPF PAINT FINISHERS LTD - Company Information

06510375 BPF PAINT FINISHERS LTD 2014-05-31 false 2013-06-01 2014-05-31 true 06510375 2013-06-01 2014-05-31 06510375 2014-05-31 06510375 2013-05-31 06510375 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 06510375 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 06510375

BPF PAINT FINISHERS LTD

Abbreviated Accounts

31 May 2014

BPF PAINT FINISHERS LTD Registered Number 06510375

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	8,242	11,978
		8,242	11,978
Current assets
Debtors		114,895	117,789
Cash at bank and in hand		68	38
		114,963	117,827
Creditors: amounts falling due within one year		(123,131)	(129,407)
Net current assets (liabilities)		(8,168)	(11,580)
Total assets less current liabilities		74	398
Total net assets (liabilities)		74	398
Capital and reserves
Called up share capital	3	30	30
Profit and loss account		44	368
Shareholders' funds		74	398

For the year ending 31 May 2014 the company was entitled to exemption 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 directors acknowledge their 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.

Approved by the Board on 12 February 2015

And signed on their behalf by:
S Moreton, Director

BPF PAINT FINISHERS LTD Registered Number 06510375

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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).
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).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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 20% straight line
Computer equipment 33% straight line
Fixtures, fittings & equipment 25% straight line
Motor vehicles 25% straight line

2Tangible fixed assets

	£
Cost
At 1 June 2013	61,257
Additions	1,659
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	62,916
Depreciation
At 1 June 2013	49,279
Charge for the year	5,395
On disposals	-
At 31 May 2014	54,674
Net book values
At 31 May 2014	8,242
At 31 May 2013	11,978

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1