B M Excavations Ltd - Period Ending 2015-03-31

Registration number: SC473760

B M Excavations Ltd

Unaudited Abbreviated Accounts

for the Period from 28 March 2014 to 31 March 2015

 

B M Excavations Ltd
(Registration number: SC473760)
Abbreviated Balance Sheet at 31 March 2015

		Note			31 March 2015 £
Fixed assets
Tangible fixed assets		2			17,809
Current assets
Stocks					660
Debtors					16,352
Cash at bank and in hand					9,128
					26,140
Creditors: Amounts falling due within one year					(20,787)
Net current assets					5,353
Total assets less current liabilities					23,162
Creditors: Amounts falling due after more than one year					(4,320)
Provisions for liabilities					(3,561)
Net assets					15,281
Capital and reserves
Called up share capital		3			1
Profit and loss account					15,280
Shareholders' funds					15,281

The notes on pages 3 to 4 form an integral part of these financial statements.
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B M Excavations Ltd
(Registration number: SC473760)
Abbreviated Balance Sheet at 31 March 2015
......... continued

For the year ending 31 March 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 3 August 2015

.........................................
Mr B J Miller
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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B M Excavations Ltd
Notes to the Abbreviated Accounts for the Period from 28 March 2014 to 31 March 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).

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% reducing balance
Motor vehicles	20% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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B M Excavations Ltd
Notes to the Abbreviated Accounts for the Period from 28 March 2014 to 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		21,360			21,360
At 31 March 2015		21,360			21,360
Depreciation
Charge for the period		3,551			3,551
At 31 March 2015		3,551			3,551
Net book value
At 31 March 2015		17,809			17,809

3	Share capital

Allotted, called up and fully paid shares

	31 March 2015
		No.			£
Ordinary shares of £1 each		1			1

New shares allotted

During the period 1 Ordinar shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £1. The reason for the allotment of shares is due to incorporation, and therefore subscriber shares.

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