Black Ada Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04525795

Abbreviated Accounts

for the Year Ended 31 December 2013

for

Black Ada Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A E Cole

N E Cole

M Cole

SECRETARY:

Mrs Z Cole

REGISTERED OFFICE:

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

REGISTERED NUMBER:

04525795

ACCOUNTANTS:

Cox & Co

3 Hagley Court North

The Waterfront

Dudley

West Midlands

DY5 1XF

CURRENT ASSETS

Stocks

6,000

-

Debtors

2,511

-

Cash at bank

3,287

7,544

11,798

7,544

CREDITORS

Amounts falling due within one year

(23,950

)

(25,402

)

NET CURRENT LIABILITIES

(12,152

)

(17,858

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(12,152

)

(17,858

)

CREDITORS

Amounts falling due after more than one year

(4,141

)

-

NET LIABILITIES

(16,293

)

(17,858

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

(16,295

)

(17,860

)

SHAREHOLDERS' FUNDS

(16,293

)

(17,858

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 28 August 2014 and were signed on its behalf by:

A E Cole - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

In preparing the accounts the directors have assessed the company's ability to continue as a going concern for the

period of 1 year from the approval of these accounts. The directors consider the going concern basis of

preparing the accounts appropriate as financial support will be provided by the directors if required.

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, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of four years.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

8,000

AMORTISATION

At 1 January 2013

and 31 December 2013

8,000

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

4

Ordinary

£1

2

2

(31.12.12 - 2 )

2 Ordinary shares of £1 were issued during the year for cash of £ 2 .

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2013 the company owes the director £19,112 (2012 - £22,889).