Finished Bulk Aggregates Limited - Period Ending 2015-01-31

Registration number: 02888980

Finished Bulk Aggregates Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2015
 

Finished Bulk Aggregates Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Finished Bulk Aggregates Limited
(Registration number: 02888980)
Abbreviated Balance Sheet at 31 January 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					260,354			184,199
Current assets
Stocks					15,650			34,025
Debtors					118,051			143,690
Cash at bank and in hand					20,698			90,761
					154,399			268,476
Creditors: Amounts falling due within one year					(121,178)			(146,535)
Net current assets					33,221			121,941
Total assets less current liabilities					293,575			306,140
Creditors: Amounts falling due after more than one year					(561,757)			(964,765)
Provisions for liabilities					(52,100)			(5,400)
Net liabilities					(320,282)			(664,025)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(320,382)			(664,125)
Shareholders' deficit					(320,282)			(664,025)

For the year ending 31 January 2015 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 30 April 2015

M W Starsmore
Director

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

Finished Bulk Aggregates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... 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).

Going concern

The financial statements have been prepared on a going concern basis on the understanding that the company will continue to receive the support of its parent undertaking, Burrows Brothers (Sales) Limited, for the foreseeable future.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Plant and machinery	15% on cost
Fixtures and fittings	15% on cost
Motor vehicles	25% on cost

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving items. Cost includes direct labour and attributable production overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exception: Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

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.

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Finished Bulk Aggregates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		2,707,615			2,707,615
Additions		176,500			176,500
Disposals		(1,188,095)			(1,188,095)
At 31 January 2015		1,696,020			1,696,020
Depreciation
At 1 February 2014		2,523,416			2,523,416
Charge for the year		64,800			64,800
Eliminated on disposals		(1,152,550)			(1,152,550)
At 31 January 2015		1,435,666			1,435,666
Net book value
At 31 January 2015		260,354			260,354
At 31 January 2014		184,199			184,199

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

4

Control

The company is controlled by Burrows Brothers (Sales) Limited The director of the company is also the director of its parent company, Burrows Brothers (Sales) Limited.

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