Beeks Trading Corporation Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC379602 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

Beeks Trading Corporation Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Doleman

G McArthur

REGISTERED OFFICE:

Riverside

Lochwinnoch Road

Kilmacolm

PA13 4DZ

REGISTERED NUMBER:

SC379602 (Scotland)

ACCOUNTANTS:

Campbell Dallas LLP

Chartered Accountants

Titanium 1

King's Inch Place

Renfrew

PA4 8WF

FIXED ASSETS

Tangible assets

2

283,377

208,891

Investments

3

6

-

283,383

208,891

CURRENT ASSETS

Debtors

214,535

34,154

Cash at bank

7,540

4,080

222,075

38,234

CREDITORS

Amounts falling due within one year

4

250,355

114,041

NET CURRENT LIABILITIES

(28,280

)

(75,807

)

TOTAL ASSETS LESS CURRENT LIABILITIES

255,103

133,084

CREDITORS

Amounts falling due after more than one year

4

(61,561

)

(45,572

)

PROVISIONS FOR LIABILITIES

(51,943

)

(36,008

)

NET ASSETS

141,599

51,504

CAPITAL AND RESERVES

Called up share capital

5

200

200

Profit and loss account

141,399

51,304

SHAREHOLDERS' FUNDS

141,599

51,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 March 2015 and were signed on its behalf by:

G McArthur - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 the value of services provided during the year, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost of each asset over

its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer equipment - 33% on cost and 25% on cost

Investments are carried at cost and are reviewed annually for impairment.

Deferred tax

Deferred tax is provided at the average rates that are expected to apply when the timing differences

reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences

arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred

tax assets and liabilities are not discounted.

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

held under 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.

Basis of consolidation

As the company qualifies as small, as defined by The Companies Act 2006, and chooses to prepare

accounts in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008), the company is not required to prepare consolidated financial statements.

The company has not taken up the option available under Companies Act 2006 section 398 to

prepare consolidated accounts and therefore these accounts reflect only the results of the company

and not its group.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

268,228

Additions

175,011

At 30 June 2014

443,239

DEPRECIATION

At 1 July 2013

59,337

Charge for year

100,525

At 30 June 2014

159,862

NET BOOK VALUE

At 30 June 2014

283,377

At 30 June 2013

208,891

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

6

At 30 June 2014

6

NET BOOK VALUE

At 30 June 2014

6

The company's investments at the balance sheet date in the share capital of companies include the

following:

Beeks VPS US

Country of incorporation: United States

Nature of business: Technology

%

Class of shares:

holding

Ordinary

100.00

4.

CREDITORS

Creditors include an amount of £ 157,051 (2013 - £ 72,642 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

173

Ordinary A Shares

£1

173

173

4

Ordinary B Shares

£1

4

4

19

Ordinary C Shares

£1

19

19

4

Ordinary D Shares

£1

4

4

200

200

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES