Black Cow Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04726417 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2015

for

Black Cow Company Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

-

406

CURRENT ASSETS

Debtors

3,985

6,651

CREDITORS

Amounts falling due within one year

6,449

6,946

NET CURRENT LIABILITIES

(2,464

)

(295

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,464

)

111

PROVISIONS FOR LIABILITIES

-

81

NET (LIABILITIES)/ASSETS

(2,464

)

30

CAPITAL AND RESERVES

Called up share capital

3

11

11

Profit and loss account

(2,475

)

19

SHAREHOLDERS' FUNDS

(2,464

)

30

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 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 30 November 2015 and were signed on its behalf by:

A G Blackburn - 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 services, excluding value added tax. Revenue is recognised as the

company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the

element of work completed but not yet invoiced.

Tangible fixed assets

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

Computer equipment

-

33% straight line

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

1,877

Disposals

(1,877

)

At 31 March 2015

-

DEPRECIATION

At 1 April 2014

1,471

Eliminated on disposal

(1,471

)

At 31 March 2015

-

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

406

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

10

Ordinary A

£1

10

10

1

Ordinary B

£1

1

1

11

11

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

£

A G Blackburn and Mrs P Blackburn

Balance outstanding at start of year

1,932

1,742

Amounts advanced

35,844

31,387

Amounts repaid

(33,966

)

(31,197

)

Balance outstanding at end of year

3,810

1,932