Abbreviated Company Accounts - ARU BAGGING LIMITED

Abbreviated Company Accounts - ARU BAGGING LIMITED

ARU BAGGING LIMITED - Company Information

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Registered Number 08567704

ARU BAGGING LIMITED

Abbreviated Accounts

30 November 2014

ARU BAGGING LIMITED Registered Number 08567704

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014
£
Fixed assets
Tangible assets 2 204,461
204,461
Current assets
Debtors 9,420
Cash at bank and in hand 71,256
80,676
Creditors: amounts falling due within one year 3 (117,310)
Net current assets (liabilities) (36,634)
Total assets less current liabilities 167,827
Creditors: amounts falling due after more than one year 3 (147,576)
Provisions for liabilities (1,620)
Total net assets (liabilities) 18,631
Capital and reserves
Called up share capital 4 100
Profit and loss account 18,531
Shareholders' funds 18,631
  • For the year ending 30 November 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 March 2015

And signed on their behalf by:
M R Robinson, Director

ARU BAGGING LIMITED Registered Number 08567704

Notes to the Abbreviated Accounts for the period ended 30 November 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
In accordance with the Financial Reporting Standard for Smaller Entities, the freehold investment property is included in the balance sheet at its open market valuation. The valuation is made by the directors of the company. Any changes in the value of the freehold property will be charged/credited to a revaluation reserve. Any permanent deficit on individual properties will be charged to the profit and loss account.

The vehicle shown in the balance sheet is a classic car which, in the opinion of the directors, has held its value. No deprecation has been provided on this vehicle in order for the overriding purpose of the company's accounts to show a true and fair view.

Other accounting policies
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 hold undert 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.

2Tangible fixed assets
£
Cost
Additions 204,461
Disposals -
Revaluations -
Transfers -
At 30 November 2014 204,461
Depreciation
Charge for the year -
On disposals -
At 30 November 2014 -
Net book values
At 30 November 2014 204,461
3Creditors
2014
£
Secured Debts 116,349
Instalment debts due after 5 years 48,584
4Called Up Share Capital
Allotted, called up and fully paid:
2014
£
100 Ordinary shares of £1 each 100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.