Bispham Dry Cleaners Limited - Period Ending 2014-05-31

Registration number: 03673049

Bispham Dry Cleaners Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2014
 

Horne Brooke Shenton
Chartered Accountants
21 Caunce Street
Blackpool
Lancashire
FY1 3LA

Bispham Dry Cleaners Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Bispham Dry Cleaners Limited
(Registration number: 03673049)
Abbreviated Balance Sheet at 31 May 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					5,559			7,413
Current assets
Debtors					9,028			3,021
Cash at bank and in hand					1,444			2,952
					10,472			5,973
Creditors: Amounts falling due within one year					(4,831)			(4,077)
Net current assets					5,641			1,896
Total assets less current liabilities					11,200			9,309
Creditors: Amounts falling due after more than one year					(11,162)			(9,242)
Net assets					38			67
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					36			65
Shareholders' funds					38			67

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 ensuring that the company keeps accounting records which comply with section 386 and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 396 and which otherwise comply with the requirements of the Companies Act 2006 relating to the accounts, so far as applicable to the company.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 30 January 2015 and signed on its behalf by:

 Mr. G A Brook
 Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Bispham Dry Cleaners Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor Vehicles	25% reducing balance method
Equipment	25% reducing balance method

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Bispham Dry Cleaners Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2013		26,573			26,573
At 31 May 2014		26,573			26,573
Depreciation
At 1 June 2013		19,160			19,160
Charge for the year		1,854			1,854
At 31 May 2014		21,014			21,014
Net book value
At 31 May 2014		5,559			5,559
At 31 May 2013		7,413			7,413

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2014 £			2013 £
After more than five years by instalments		1,418			2,930

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
2 Ordinary of £1 each		2			2			2			2

Page 3

Bispham Dry Cleaners Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

5	Related party transactions

Directors' advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
Mr. G A Brook
Private Payments	18,783	17,243	17,999	19,460

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