B & I Data Systems Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07022610 (England and Wales)

B & I DATA SYSTEMS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

B.J. Lee

REGISTERED OFFICE:

21 Lodge Lane

Grays

Essex

RM17 5RY

REGISTERED NUMBER:

07022610 (England and Wales)

ACCOUNTANTS:

Bland Baker

Chartered Accountants

21 Lodge Lane

Grays

Essex

RM17 5RY

FIXED ASSETS

Tangible assets

2

1,210

1,502

CURRENT ASSETS

Stocks

10,250

7,250

Debtors

17,494

24,520

Cash at bank

22,887

17,081

50,631

48,851

CREDITORS

Amounts falling due within one year

34,233

40,000

NET CURRENT ASSETS

16,398

8,851

TOTAL ASSETS LESS CURRENT LIABILITIES

17,608

10,353

PROVISIONS FOR LIABILITIES

240

300

NET ASSETS

17,368

10,053

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

17,367

10,052

SHAREHOLDERS' FUNDS

17,368

10,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 May 2015 and were signed by:

B.J. Lee - 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

2,821

DEPRECIATION

At 1 September 2013

1,319

Charge for year

292

At 31 August 2014

1,611

NET BOOK VALUE

At 31 August 2014

1,210

At 31 August 2013

1,502

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1