BD TOOLS LTD - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05570114 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2013

for

BD TOOLS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B Patel

D Patel

REGISTERED OFFICE:

BEC 101

50 Cambridge Road

Barking

Essex

IG11 8FG

REGISTERED NUMBER:

05570114 (England and Wales)

ACCOUNTANTS:

Taxplus Accountants Ltd

50 Cambridge Road

Barking

Essex

IG11 8FG

FIXED ASSETS

Tangible assets

2

12,179

14,240

CURRENT ASSETS

Stocks

66,322

68,323

Debtors

10,529

5,930

Cash at bank and in hand

5,403

5,832

82,254

80,085

CREDITORS

Amounts falling due within one year

270,293

268,764

NET CURRENT LIABILITIES

(188,039

)

(188,679

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(175,860

)

(174,439

)

CREDITORS

Amounts falling due after more than one year

1,471

3,967

NET LIABILITIES

(177,331

)

(178,406

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(177,333

)

(178,408

)

SHAREHOLDERS' FUNDS

(177,331

)

(178,406

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 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 21 August 2014 and were signed on its behalf by:

B Patel - 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 invoiced sales of goods, 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

and 30 November 2013

25,700

DEPRECIATION

At 1 December 2012

11,460

Charge for year

2,061

At 30 November 2013

13,521

NET BOOK VALUE

At 30 November 2013

12,179

At 30 November 2012

14,240

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

£

2

Ordinary

1

2

2

4.	GOING CONCERN

The balance sheet date the company's liabilities exceeded its assets by £1,77,333 and its ability to trade is

dependent on the financial support of its current director and shareholder. Such financial support will continue to

be made and these accounts have been prepared on the basis that the company will continue to trade normally.

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