Baytree Publishing Limited - Period Ending 2013-11-30

Registration number: 04603555

Baytree Publishing Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2013
 

Deans Accountants And Business Advisors Ltd
Chartered Accountants and Business Advisors
1 Melgund Place
Hawick
Borders
TD9 9HY

Baytree Publishing Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Baytree Publishing Limited
(Registration number: 04603555)
at 30 November 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					1,126			1,501
Current assets
Debtors					8,281			13,795
Cash at bank and in hand					73			764
					8,354			14,559
Creditors: Amounts falling due within one year					(8,847)			(10,983)
Net current (liabilities)/assets					(493)			3,576
Net assets					633			5,077
Capital and reserves
Called up share capital		3			3			3
Profit and loss account					630			5,074
Shareholders' funds					633			5,077

For the year ending 30 November 2013 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 20 August 2014

.........................................
MG Porter
Director

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

Baytree Publishing Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013

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, net of value added tax, 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.

Asset class	Amortisation method and rate
Goodwill	over 5 years

Depreciation

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

Asset class	Depreciation method and rate
Land and Buildings	33% straight line
Motor Vehicles	25% reducing balance
Plant and Machinery	33% straight line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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

		Tangible assets £			Total £
Cost
At 1 December 2012		8,350			8,350
At 30 November 2013		8,350			8,350
Depreciation
At 1 December 2012		6,849			6,849
Charge for the year		375			375
At 30 November 2013		7,224			7,224
Net book value
At 30 November 2013		1,126			1,126
At 30 November 2012		1,501			1,501

Page 2

Baytree Publishing Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary Share of £1 each		3			3			3			3

4	Related party transactions

Director's advances and credits

	2013 Advance/ Credit £	2013 Repaid £	2012 Advance/ Credit £	2012 Repaid £
MG Porter
Loans are undated and unsecured. Interest has been charged at 4.00% on outstanding balances. The loan was repaid on 26 August 2013.	-	6,172	6,172	7,727

Page 3