Abbreviated Company Accounts - BOARD AND ELBOW LTD

BOARD AND ELBOW LTD - Company Information

05871024 BOARD AND ELBOW LTD 2014-12-31 false 2014-01-01 2014-12-31 true 05871024 2014-01-01 2014-12-31 05871024 2014-12-31 05871024 2013-12-31 05871024 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 05871024 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 05871024

BOARD AND ELBOW LTD

Abbreviated Accounts

31 December 2014

BOARD AND ELBOW LTD Registered Number 05871024

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	47,281	51,289
		47,281	51,289
Current assets
Stocks		11,637	7,933
Debtors		14,984	17,392
Cash at bank and in hand		13,507	21,348
		40,128	46,673
Creditors: amounts falling due within one year		(18,117)	(25,992)
Net current assets (liabilities)		22,011	20,681
Total assets less current liabilities		69,292	71,970
Creditors: amounts falling due after more than one year		(176,562)	(164,293)
Total net assets (liabilities)		(107,270)	(92,323)
Capital and reserves
Called up share capital	3	3	3
Profit and loss account		(107,273)	(92,326)
Shareholders' funds		(107,270)	(92,323)

For the year ending 31 December 2014 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 17 September 2015

And signed on their behalf by:
Mr R L Griffiths, Director

BOARD AND ELBOW LTD Registered Number 05871024

Notes to the Abbreviated Accounts for the period ended 31 December 2014

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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives

Land and Buildings 5% on cost
Plant and Machinery etc. 15% on Reducing Balance

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 January 2014	87,309
Additions	720
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	88,029
Depreciation
At 1 January 2014	36,020
Charge for the year	4,728
On disposals	-
At 31 December 2014	40,748
Net book values
At 31 December 2014	47,281
At 31 December 2013	51,289

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
3 Ordinary shares of £1 each	3	3