Burner & Boiler Spares Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03942257 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2014

for

Burner & Boiler Spares Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C.P. Lucas

A Lucas

REGISTERED OFFICE:

Suite 3 Warren House

10-20 Main Road

Hockley

Essex

SS5 4QS

REGISTERED NUMBER:

03942257 (England and Wales)

ACCOUNTANTS:

Anser Solutions!

Chartered Accountants

Suite 3 Warren House

10-20 Main Road

Hockley

Essex

SS5 4QS

FIXED ASSETS

Tangible assets

2

30,275

43,491

CURRENT ASSETS

Stocks

181,628

183,231

Debtors

249,226

255,852

Cash at bank and in hand

2,411

2,784

433,265

441,867

CREDITORS

Amounts falling due within one year

3

338,635

349,736

NET CURRENT ASSETS

94,630

92,131

TOTAL ASSETS LESS CURRENT LIABILITIES

124,905

135,622

CREDITORS

Amounts falling due after more than one year

3

22,560

30,852

NET ASSETS

102,345

104,770

CAPITAL AND RESERVES

Called up share capital

4

5,200

5,200

Profit and loss account

97,145

99,570

SHAREHOLDERS' FUNDS

102,345

104,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 26 June 2015 and were signed on its behalf by:

C.P. Lucas - 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 sales of goods provided, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

92,501

Disposals

(17,767

)

At 30 September 2014

74,734

DEPRECIATION

At 1 October 2013

49,010

Charge for year

11,083

Eliminated on disposal

(15,634

)

At 30 September 2014

44,459

NET BOOK VALUE

At 30 September 2014

30,275

At 30 September 2013

43,491

3.

CREDITORS

Creditors include an amount of £ 210,641 (30.9.13 - £ 275,382 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

5,200

Ordinary

£1

5,200

5,200