Better Sugarcane Initiative Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06798568 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

BETTER SUGARCANE INITIATIVE LIMITED

TRADING AS

BONSUCRO

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

R G Quirk

D E Howson

S I D Sielhorst

M H R Reis Dos Santos

D Stevenson

P J Dibella

R G Toscano Orlandi

G Guzman

C J Walker

R F Cocco

M S Carlini

REGISTERED OFFICE:

The Wenlock Centre

50-52 Wharf Road

LONDON

N1 7EU

REGISTERED NUMBER:

06798568 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey LLP

Chartered Accountants & Business Advisers

20 Havelock Road

HASTINGS

East Sussex

TN34 1BP

FIXED ASSETS

Intangible assets

2

40,013

35,018

Tangible assets

3

11,074

17,378

51,087

52,396

CURRENT ASSETS

Debtors

4

133,284

790,797

Cash at bank and in hand

498,155

553,200

631,439

1,343,997

CREDITORS

Amounts falling due within one year

365,913

1,222,315

NET CURRENT ASSETS

265,526

121,682

TOTAL ASSETS LESS CURRENT LIABILITIES

316,613

174,078

RESERVES

Income and expenditure account

316,613

174,078

316,613

174,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 surplus or deficit 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 30 October 2015 and were signed on its behalf by:

M H R Reis Dos Santos - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have made an assessment about the company's ability to continue as a going concern and they do

not consider there to be any material uncertainties. As a result they have adopted the going concern basis of

accounting.

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 income invoiced in the period in question for the period or invoiced in advance before the

period and carried forward to be matched against related expenditure in the year.

Trademarks

Amortisation is provided for at the following rates in order to write off each assets over its useful economic life.

Trademarks - 10 years on cost (straight line)

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

35,018

Additions

17,683

At 31 March 2015

52,701

AMORTISATION

Amortisation for year

12,688

At 31 March 2015

12,688

NET BOOK VALUE

At 31 March 2015

40,013

At 31 March 2014

35,018

Intangible fixed assets relate to trademarks which are being amortised over their useful economic life of 10 years,

this is based on renewals being required every 10 years.

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

29,128

Additions

766

Disposals

(3,000

)

At 31 March 2015

26,894

DEPRECIATION

At 1 April 2014

11,750

Charge for year

7,070

Eliminated on disposal

(3,000

)

At 31 March 2015

15,820

NET BOOK VALUE

At 31 March 2015

11,074

At 31 March 2014

17,378

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (31.3.14 - £ 7,500 )

5.	MEMBERS' LIABILITY

The Company has no share capital and is limited by guarantee. In the event of a winding-up the liability of the

members is limited to £1 each.