Company Registration No. 07675829 (England and Wales)
BAZ TRADING AND INVESTMENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
BAZ TRADING AND INVESTMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BAZ TRADING AND INVESTMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
86,244
97,742
Tangible assets
2
61,666
54,581
147,910
152,323
Current assets
Debtors
105,551
59,786
Cash at bank and in hand
272,031
268,453
377,582
328,239
Creditors: amounts falling due within one year
(332,896)
(318,769)
Net current assets
44,686
9,470
Total assets less current liabilities
192,596
161,793
Creditors: amounts falling due after more than one year
(25,242)
(31,242)
167,354
130,551
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
167,254
130,451
Shareholders' funds
167,354
130,551
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 September 2015
Mr S Boyd
Director
Company Registration No. 07675829
BAZ TRADING AND INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
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 as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% straight line on cost
Fixtures, fittings & equipment
25% straight line on cost
Motor vehicles
25% straight line on cost
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2014
114,992
92,104
207,096
Additions
-
16,331
16,331
At 31 December 2014
114,992
108,435
223,427
Depreciation
At 1 January 2014
17,249
22,139
39,388
Charge for the year
11,499
24,630
36,129
At 31 December 2014
28,748
46,769
75,517
Net book value
At 31 December 2014
86,244
61,666
147,910
At 31 December 2013
97,742
54,581
152,323
BAZ TRADING AND INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
10,000 Ordinary of 1p each
100
100
The company's Ordinary £1 shares were sub-divided into 1p shares on 19 August 2014.
2014-12-312014-01-01falsetruetruetruetruetruetmp30ED.html2015-09-23076758292014-01-012014-12-31076758292014-12-31076758292013-12-31076758292013-12-3107675829uk-bus:Director12014-01-012014-12-3107675829uk-gaap:ComputerEquipment2014-01-012014-12-3107675829uk-gaap:FixturesFittingsToolsEquipment2014-01-012014-12-3107675829uk-gaap:MotorVehicles2014-01-012014-12-3107675829uk-bus:OrdinaryShareClass12014-01-012014-12-3107675829uk-bus:OrdinaryShareClass12014-12-3107675829uk-bus:OrdinaryShareClass12013-12-31xbrli:purexbrli:sharesiso4217:GBP
