Abbreviated Company Accounts - UK BULLION LIMITED

UK BULLION LIMITED - Company Information

04470288 UK BULLION LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 04470288 2013-07-01 2014-06-30 04470288 2014-06-30 04470288 2013-06-30 04470288 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 04470288 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 04470288

UK BULLION LIMITED

Abbreviated Accounts

30 June 2014

UK BULLION LIMITED Registered Number 04470288

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	32,144	37,816
		32,144	37,816
Current assets
Stocks		259,706	408,816
Debtors		220,283	62,630
Cash at bank and in hand		54,469	12,081
		534,458	483,527
Creditors: amounts falling due within one year		(203,920)	(179,226)
Net current assets (liabilities)		330,538	304,301
Total assets less current liabilities		362,682	342,117
Provisions for liabilities		(5,907)	(6,878)
Total net assets (liabilities)		356,775	335,239
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		356,774	335,238
Shareholders' funds		356,775	335,239

For the year ending 30 June 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 26 March 2015

And signed on their behalf by:
M Joicey, Director

UK BULLION LIMITED Registered Number 04470288

Notes to the Abbreviated Accounts for the period ended 30 June 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 the total invoice value, exclusing value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings
and equipment 15% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 July 2013	89,198
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	89,198
Depreciation
At 1 July 2013	51,382
Charge for the year	5,672
On disposals	-
At 30 June 2014	57,054
Net book values
At 30 June 2014	32,144
At 30 June 2013	37,816

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

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