Bushbond Limited - Period Ending 2015-04-30

 
 
 
 
 
 
 
  Bushbond Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 30 April 2015
 
  Company Registration Number: 02210111

Bushbond Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Bushbond Limited
Abbreviated Balance Sheet
30 April 2015

		Note			2015 £			2014 £
Current assets
Stocks					6,750			6,750
Debtors					14,226			14,226
Cash at bank and in hand					938			16
					21,914			20,992
Creditors: Amounts falling due within one year					(222,931)			(220,172)
Total assets less current liabilities					(201,017)			(199,180)
Creditors: Amounts falling due after more than one year					(1,382,647)			(1,382,647)
Net liabilities					(1,583,664)			(1,581,827)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(1,583,764)			(1,581,927)
Shareholders' deficit					(1,583,664)			(1,581,827)

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Bushbond Limited
Abbreviated Balance Sheet
30 April 2015 ......... continued

For the year ending 30 April 2015 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 director acknowledges his 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 director on 2 October 2015

Mr P M Belcher
Director

Company Registration Number: 02210111

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Bushbond Limited
Notes to the Abbreviated Accounts
Year Ended 30 April 2015 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset.

Asset class	Depreciation method and rate
Equipment	25% Reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

Deferred tax

Deferred taxation is recognised in respect of differences between the treatment of certain items for accounting and taxation purposes which have arisen but not reversed by the balance sheet date.

Hire purchase and leasing

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2014		1,817			1,817
At 30 April 2015		1,817			1,817
Depreciation
At 1 May 2014		1,817			1,817
At 30 April 2015		1,817			1,817
Net book value
At 30 April 2015		-			-
At 30 April 2014		-			-

Page 3

Bushbond Limited
Notes to the Abbreviated Accounts
Year Ended 30 April 2015 ......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4