Abbreviated Company Accounts - BPM RACING LIMITED

BPM RACING LIMITED - Company Information

06390952 BPM RACING LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 06390952 2012-11-01 2013-10-31 06390952 2013-10-31 06390952 2012-10-31 06390952 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 06390952 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 06390952

BPM RACING LIMITED

Abbreviated Accounts

31 October 2013

BPM RACING LIMITED Registered Number 06390952

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	19,010	59,853
		19,010	59,853
Current assets
Debtors		8,379	3,373
Cash at bank and in hand		1,838	661
		10,217	4,034
Creditors: amounts falling due within one year	3	(10,584)	(10,000)
Net current assets (liabilities)		(367)	(5,966)
Total assets less current liabilities		18,643	53,887
Creditors: amounts falling due after more than one year	3	(216,592)	(233,302)
Total net assets (liabilities)		(197,949)	(179,415)
Capital and reserves
Called up share capital	4	102	102
Profit and loss account		(198,051)	(179,517)
Shareholders' funds		(197,949)	(179,415)

For the year ending 31 October 2013 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 31 May 2014

And signed on their behalf by:
Owen Thomas, Director

BPM RACING LIMITED Registered Number 06390952

Notes to the Abbreviated Accounts for the period ended 31 October 2013

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 services and race income.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.

Motor vehicles - 50% on cost
Plant and equipment - 33.3% on cost

2Tangible fixed assets

	£
Cost
At 1 November 2012	131,250
Additions	1,893
Disposals	(37,500)
Revaluations	-
Transfers	-
At 31 October 2013	95,643
Depreciation
At 1 November 2012	71,397
Charge for the year	42,736
On disposals	(37,500)
At 31 October 2013	76,633
Net book values
At 31 October 2013	19,010
At 31 October 2012	59,853

3Creditors

	2013 £	2012 £
Non-instalment debts due after 5 years	216,592	233,302

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
102 Ordinary shares of £1 each	102	102