Abbreviated Company Accounts - BUNGALOW FARM (BANKS) LIMITED

Abbreviated Company Accounts - BUNGALOW FARM (BANKS) LIMITED

BUNGALOW FARM (BANKS) LIMITED - Company Information

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Registered Number 00862431

BUNGALOW FARM (BANKS) LIMITED

Abbreviated Accounts

30 November 2013

BUNGALOW FARM (BANKS) LIMITED Registered Number 00862431

Abbreviated Balance Sheet as at 30 November 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 78,632 82,836
78,632 82,836
Current assets
Stocks 6,250 3,750
Debtors 12,329 10,089
Cash at bank and in hand 20,455 15,247
39,034 29,086
Creditors: amounts falling due within one year (64,526) (61,739)
Net current assets (liabilities) (25,492) (32,653)
Total assets less current liabilities 53,140 50,183
Creditors: amounts falling due after more than one year (12,821) (12,821)
Provisions for liabilities - (555)
Total net assets (liabilities) 40,319 36,807
Capital and reserves
Called up share capital 1,000 1,000
Other reserves 12,000 12,000
Profit and loss account 27,319 23,807
Shareholders' funds 40,319 36,807
  • For the year ending 30 November 2013 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 29 August 2014

And signed on their behalf by:
Michael Wareing, Director

BUNGALOW FARM (BANKS) LIMITED Registered Number 00862431

Notes to the Abbreviated Accounts for the period ended 30 November 2013

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 net invoiced sales of goods excluding VAT

Tangible assets depreciation policy
plant & Machinery at 20% on reducing balance

2Tangible fixed assets
£
Cost
At 1 December 2012 187,832
Additions 3,335
Disposals -
Revaluations -
Transfers -
At 30 November 2013 191,167
Depreciation
At 1 December 2012 104,996
Charge for the year 7,539
On disposals -
At 30 November 2013 112,535
Net book values
At 30 November 2013 78,632
At 30 November 2012 82,836