Burrows Conveyor Systems Limited - Period Ending 2015-05-31

Registration number: 09224053

Burrows Conveyor Systems Limited

Unaudited Abbreviated Accounts

for the Period from 18 September 2014 to 31 May 2015

 

Burrows Conveyor Systems Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Burrows Conveyor Systems Limited
(Registration number: 09224053)
Abbreviated Balance Sheet at 31 May 2015

		Note			31 May 2015 £
Current assets
Stocks					180,901
Debtors					33,368
Cash at bank and in hand					115,980
					330,249
Creditors: Amounts falling due within one year					(321,270)
Net assets					8,979
Capital and reserves
Called up share capital		2			100
Profit and loss account					8,879
Shareholders' funds					8,979

For the year ending 31 May 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 21 September 2015

Mr Michael Winston Starsmore
Director

The notes on page 2 form an integral part of these financial statements.
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Burrows Conveyor Systems Limited
Notes to the Abbreviated Accounts for the Period from 18 September 2014 to 31 May 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

Turnover represents the value of work carried out and goods supplied during the period, net of value added tax.

Stock and work in progress

Stocks and work in progress is stated at the lower of cost or net realisable value. Amounts recoverable on contracts, which are included in debtors are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account. Profit on individual contracts is taken only when their outcome can be foreseen with reasonable certainty and is based on the value of work performed less expenditure incurred to the year end, taking account of agreed claims. Full provision is made for all known or expected losses on individual contracts, taking a prudent view of future claims income, immediately such losses are foreseen.

2	Share capital

Allotted, called up and fully paid shares

	31 May 2015
		No.			£
Ordinary shares of £1 each		100			100

New shares allotted

During the period 100 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.

3

Control

The ultimate parent company is Burrows Brothers (Sales) Limited, a company incorporated in England M W Starsmore, the director of the company, is also the sole director of Burrows Brothers (Sales) Limited .
 
  The company is controlled by the the board of Burrows Brothers (Sales) Limited.
 

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