Abbreviated Company Accounts - B & S CHAINS (MIDLANDS) LIMITED

B & S CHAINS (MIDLANDS) LIMITED - Company Information

Registered Number 03014683

B & S CHAINS (MIDLANDS) LIMITED

Abbreviated Accounts

31 January 2015

B & S CHAINS (MIDLANDS) LIMITED Registered Number 03014683

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	20,245	24,745
		20,245	24,745
Current assets
Stocks		3,300	3,000
Debtors		27,249	40,524
Cash at bank and in hand		41,353	43,816
		71,902	87,340
Prepayments and accrued income		1,150	555
Creditors: amounts falling due within one year		(64,114)	(61,021)
Net current assets (liabilities)		8,938	26,874
Total assets less current liabilities		29,183	51,619
Accruals and deferred income		(2,000)	(2,000)
Total net assets (liabilities)		27,183	49,619
Capital and reserves
Called up share capital		300	300
Profit and loss account		26,883	49,319
Shareholders' funds		27,183	49,619

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 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 25 June 2015

And signed on their behalf by:
Mr A J Steele, Director
J Morris Miss, Director

B & S CHAINS (MIDLANDS) LIMITED Registered Number 03014683

Notes to the Abbreviated Accounts for the period ended 31 January 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:-
Plant & Machinery 15% Reducing Balance
Fixtures & equipment 15% Reducing Balance
Motor Vehicles 25% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 February 2014	91,562
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	91,562
Depreciation
At 1 February 2014	66,817
Charge for the year	4,500
On disposals	-
At 31 January 2015	71,317
Net book values
At 31 January 2015	20,245
At 31 January 2014	24,745

There were no Tangible Fixed Assets as at 31st January 2015, that were the subject of outstanding financial arrangements.