Abbreviated Company Accounts - BOSWORTH LEASING LIMITED

BOSWORTH LEASING LIMITED - Company Information

Registered Number 03860301

BOSWORTH LEASING LIMITED

Abbreviated Accounts

31 October 2014

BOSWORTH LEASING LIMITED Registered Number 03860301

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	21,158	21,678
		21,158	21,678
Current assets
Debtors		1,301,806	749,374
Cash at bank and in hand		63,898	13,384
		1,365,704	762,758
Creditors: amounts falling due within one year		(1,076,736)	(514,396)
Net current assets (liabilities)		288,968	248,362
Total assets less current liabilities		310,126	270,040
Creditors: amounts falling due after more than one year		(166,088)	(161,378)
Total net assets (liabilities)		144,038	108,662
Capital and reserves
Called up share capital		2	2
Profit and loss account		144,036	108,660
Shareholders' funds		144,038	108,662

For the year ending 31 October 2014 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 directors acknowledge their 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 Board on 8 July 2015

And signed on their behalf by:
Mr R Allen, Director

BOSWORTH LEASING LIMITED Registered Number 03860301

Notes to the Abbreviated Accounts for the period ended 31 October 2014

1Accounting Policies

Basis of measurement and preparation of accounts
These accounts have been prepared in accordance with the special provisions
relating to small companies within Part 15 of the Companies Act 2006 and with
the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover is the total amount receivable by the company in the ordinary course of
business from outside customers for services provided and any goods supplied
excluding VAT The turnover and operating costs are attributable to the principal
activity of the business being that of finance leasing and other credit services

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation Depreciation is calculated
on the reducing balance method and aims to write down cost less estimated residual
value of all tangible fixed assets over their expected useful lives The rates are as
follows:-

Office Equipment 30%
Fixtures & Fittings 15%

2Tangible fixed assets

	£
Cost
At 1 November 2013	34,894
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	34,894
Depreciation
At 1 November 2013	13,216
Charge for the year	520
On disposals	-
At 31 October 2014	13,736
Net book values
At 31 October 2014	21,158
At 31 October 2013	21,678