B J Bain Building Contractors Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08197234 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 5th April 2015

for

B J Bain Building Contractors Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B J Bain

T I Bain

SECRETARY:

Mrs D J Bain

REGISTERED OFFICE:

Virginia House

Grewelthorpe

Ripon

North Yorkshire

HG4 3BW

REGISTERED NUMBER:

08197234 (England and Wales)

ACCOUNTANTS:

F E Metcalfe & Co Limited

Chartered Accountants

40A Market Place

Ripon

North Yorkshire

HG4 1BZ

FIXED ASSETS

Intangible assets

2

14,500

20,500

Tangible assets

3

151,911

145,175

166,411

165,675

CURRENT ASSETS

Stocks

181,470

177,260

Debtors

44,497

73,322

Cash at bank

310

726

226,277

251,308

CREDITORS

Amounts falling due within one year

4

266,649

318,485

NET CURRENT LIABILITIES

(40,372

)

(67,177

)

TOTAL ASSETS LESS CURRENT LIABILITIES

126,039

98,498

CREDITORS

Amounts falling due after more than one year

(10,267

)

-

PROVISIONS FOR LIABILITIES

(30,382

)

(29,035

)

NET ASSETS

85,390

69,463

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

85,290

69,363

SHAREHOLDERS' FUNDS

85,390

69,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5th April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 5th April 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 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 11th November 2015 and were signed on its behalf by:

T I Bain - Director

1.	ACCOUNTING POLICIES

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 2012, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 6th April 2014

and 5th April 2015

30,000

AMORTISATION

At 6th April 2014

9,500

Amortisation for year

6,000

At 5th April 2015

15,500

NET BOOK VALUE

At 5th April 2015

14,500

At 5th April 2014

20,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6th April 2014

191,956

Additions

50,167

Disposals

(16,146

)

At 5th April 2015

225,977

DEPRECIATION

At 6th April 2014

46,781

Charge for year

30,010

Eliminated on disposal

(2,725

)

At 5th April 2015

74,066

NET BOOK VALUE

At 5th April 2015

151,911

At 5th April 2014

145,175

4.

CREDITORS

Creditors include an amount of £ 4,554 (5.4.14 - £ 7,589 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.15

5.4.14

value:

£

£

100

Ordinary

£1

100

100