Boardsup (Uk) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06015820 (England and Wales)

BOARDSUP (UK) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

38,003

26,840

CURRENT ASSETS

Stocks

43,875

38,950

Debtors

26,670

25,196

Cash in hand

54

33

70,599

64,179

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

76,084

73,962

NET CURRENT LIABILITIES

(5,485

)

(9,783

)

TOTAL ASSETS LESS CURRENT LIABILITIES

32,518

17,057

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

38,323

11,165

NET (LIABILITIES)/ASSETS

(5,805

)

5,892

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(5,905

)

5,792

SHAREHOLDERS' FUNDS

(5,805

)

5,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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 9 September 2015 and were signed by:

R M Allcock - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared in accordance with applicable United Kingdom Accounting

Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied

consistently (except otherwise stated).

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 and services, net of value added tax and trade

discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

60,739

Additions

28,025

Disposals

(12,585

)

At 31 December 2014

76,179

DEPRECIATION

At 1 January 2014

33,899

Charge for year

9,108

Eliminated on disposal

(4,831

)

At 31 December 2014

38,176

NET BOOK VALUE

At 31 December 2014

38,003

At 31 December 2013

26,840

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary shares

£1

100

100