Bodenham Grain Storage Limited - Limited company - abbreviated

REGISTERED NUMBER: 03366925 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2014

for

Bodenham Grain Storage Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Directors:

S D B Wells

D P Thomas

A W Panniers

F J Legge

M N Lewis

Secretary:

F J Legge

Registered office:

Unit 2 Foley Works

Foley Industrial Estate

Hereford

Herefordshire

HR1 2SF

Registered number:

03366925 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2 Foley Works

Foley Industrial Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Intangible assets

2

51,050

57,419

Tangible assets

3

509,892

524,170

560,942

581,589

CURRENT ASSETS

Debtors

50,637

31,227

Cash at bank and in hand

20,071

162

70,708

31,389

CREDITORS

Amounts falling due within one year

4

(69,212

)

(56,768

)

NET CURRENT ASSETS/(LIABILITIES)

1,496

(25,379

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

562,438

556,210

CREDITORS

Amounts falling due after more than one
year

-

(14,107

)

PROVISIONS FOR LIABILITIES

(23,823

)

(25,287

)

NET ASSETS

538,615

516,816

CAPITAL AND RESERVES

Called up share capital

5

462,980

Share premium

750

Profit and loss account

74,885

53,086

SHAREHOLDERS' FUNDS

538,615

516,816

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 17 February 2015 and were signed on its behalf
by:

S D B Wells - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have carefully considered the financial position fo the company and consider it will be able to

operate within its agreed finance facilities for the coming 12 months.

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 net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1997, is being amortised evenly over its estimated useful life of twenty five years.

Tangible fixed assets

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

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

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 held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair

value. The capital element of the future payments is treated as a liability and the interest is charged to the profit

and loss account on a straight line basis.

2.	INTANGIBLE FIXED ASSETS

Total

£

Cost

At 1 July 2013

and 30 June 2014

159,220

Amortisation

At 1 July 2013

101,801

Amortisation for year

6,369

At 30 June 2014

108,170

Net book value

At 30 June 2014

51,050

At 30 June 2013

57,419

3.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1 July 2013

997,253

Additions

19,150

At 30 June 2014

1,016,403

Depreciation

At 1 July 2013

473,083

Charge for year

33,428

At 30 June 2014

506,511

Net book value

At 30 June 2014

509,892

At 30 June 2013

524,170

4.

CREDITORS

Creditors include an amount of £ 0 (2013 - £ 4,610 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

6,614

Ordinary

£70

462,980

Bodenham Grain Storage Limited - Limited company - abbreviated - 11.6

Bodenham Grain Storage Limited - Limited company - abbreviated - 11.6