Billington Export Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02728987 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015

FOR

BILLINGTON EXPORT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M. H. Billington

SECRETARY:

D. A. Clark

REGISTERED OFFICE:

Bailey House

4-10 Barttelot Road

Horsham

West Sussex

RH12 1DQ

REGISTERED NUMBER:

02728987 (England and Wales)

ACCOUNTANTS:

D. A. CLARK & CO. LTD

Chartered Accountants

Bailey House

4-10 Barttelot Road

Horsham

West Sussex

RH12 1DQ

FIXED ASSETS

Tangible assets

2

65,469

68,754

CURRENT ASSETS

Stocks

440,994

434,638

Debtors

27,772

37,598

Cash at bank and in hand

11,351

5,441

480,117

477,677

CREDITORS

Amounts falling due within one year

159,039

94,639

NET CURRENT ASSETS

321,078

383,038

TOTAL ASSETS LESS CURRENT LIABILITIES

386,547

451,792

CREDITORS

Amounts falling due after more than one year

37,135

46,004

NET ASSETS

349,412

405,788

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

349,312

405,688

SHAREHOLDERS' FUNDS

349,412

405,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 21 August 2015 and were signed by:

M. H. Billington - 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.

Freehold property

-

2% on cost

Short leasehold

-

10% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

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.

Pensions

The company operates a defined contribution pension scheme.Contributions payable for the year are charged in

the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

221,058

Additions

334

At 30 June 2015

221,392

DEPRECIATION

At 1 July 2014

152,304

Charge for year

3,619

At 30 June 2015

155,923

NET BOOK VALUE

At 30 June 2015

65,469

At 30 June 2014

68,754

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

100

Ordinary

£1

100

100