Bannard Property Services Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07340364 (England and Wales)

Abbreviated Accounts for the Year Ended 31 August 2014

for

Bannard Property Services Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr T F Rawlings

Mrs T Rawlings

REGISTERED OFFICE:

11 Amberside

Wood Lane

Hemel Hempstead

Hertfordshire

HP2 4TP

REGISTERED NUMBER:

07340364 (England and Wales)

ACCOUNTANTS:

Farrell & Co

11 Amberside

Wood Lane

Hemel Hempstead

Hertfordshire

HP2 4TP

FIXED ASSETS

Intangible assets

2

8,000

16,000

Tangible assets

3

3,631

4,842

11,631

20,842

CURRENT ASSETS

Debtors

28,433

17,965

Cash at bank

10,988

5,530

39,421

23,495

CREDITORS

Amounts falling due within one year

(47,696

)

(33,106

)

NET CURRENT LIABILITIES

(8,275

)

(9,611

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,356

11,231

CAPITAL AND RESERVES

Called up share capital

4

30

30

Profit and loss account

3,326

11,201

SHAREHOLDERS' FUNDS

3,356

11,231

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 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 27 May 2015 and were signed on its behalf by:

Mr T F Rawlings - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of 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 etc

-

25% on reducing balance

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

40,000

AMORTISATION

At 1 September 2013

24,000

Amortisation for year

8,000

At 31 August 2014

32,000

NET BOOK VALUE

At 31 August 2014

8,000

At 31 August 2013

16,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

11,412

DEPRECIATION

At 1 September 2013

6,570

Charge for year

1,211

At 31 August 2014

7,781

NET BOOK VALUE

At 31 August 2014

3,631

At 31 August 2013

4,842

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

30

ordinary

1

30

30