Abbreviated Company Accounts - B.B VAN HIRE & SALES LIMITED
Abbreviated Company Accounts - B.B VAN HIRE & SALES LIMITED
Registered Number 03749692
B.B VAN HIRE & SALES LIMITED
Abbreviated Accounts
31 July 2014
B.B VAN HIRE & SALES LIMITED Registered Number 03749692
Abbreviated Balance Sheet as at 31 July 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
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Provisions for liabilities |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 July 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
And signed on their behalf by:
B.B VAN HIRE & SALES LIMITED Registered Number 03749692
Notes to the Abbreviated Accounts for the period ended 31 July 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Improvements to property - 10% on cost
Plant and machinery - 30% on reducing balance
Fixtures and fittings - 30% on reducing balance
Motor vehicles - 30% on reducing balance
Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deffered 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 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.
£ | |
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Cost | |
At 1 August 2013 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 July 2014 |
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Depreciation | |
At 1 August 2013 |
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Charge for the year |
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On disposals |
( |
At 31 July 2014 |
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Net book values | |
At 31 July 2014 | 65,956 |
At 31 July 2013 | 54,086 |