BOFM LIMITED - Period Ending 2014-07-31

Registration number: 06642759

BOFM LIMITED

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2014
 

BOFM LIMITED
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

BOFM LIMITED
(Registration number: 06642759)
Abbreviated Balance Sheet at 31 July 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					-			2,160
Current assets
Debtors					7,062			14,274
Cash at bank and in hand					1,283			3,851
					8,345			18,125
Creditors: Amounts falling due within one year					(7,671)			(8,298)
Net current assets					674			9,827
Net assets					674			11,987
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					574			11,887
Shareholders' funds					674			11,987

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 director acknowledges his 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 director on 28 April 2015

.........................................
Mr Brian ADAMS
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

BOFM LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Licence	over Licence period

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Intangible assets £			Total £
Cost
At 1 August 2013		12,000			12,000
At 31 July 2014		12,000			12,000
Depreciation
At 1 August 2013		9,840			9,840
Charge for the year		2,160			2,160
At 31 July 2014		12,000			12,000
Net book value
At 31 July 2014		-			-
At 31 July 2013		2,160			2,160

Page 2

BOFM LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 July 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

Page 3