BETTER_BUSINESS_MANAGEMEN - Accounts

BETTER BUSINESS MANAGEMENT LIMITED - Company Information

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Company Registration No. 02189554 (England and Wales)

BETTER BUSINESS MANAGEMENT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2015

BETTER BUSINESS MANAGEMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BETTER BUSINESS MANAGEMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2013

Notes

Fixed assets

Tangible assets

120,272

Current assets

Stocks

38,756

Debtors

44,971

9,256

Cash at bank and in hand

18,378

102,105

9,256

Creditors: amounts falling due within one year

(200,272)

(8,732)

Net current (liabilities)/assets

(98,167)

524

Total assets less current liabilities

22,105

551

Creditors: amounts falling due after more than one year

(33,782)

Provisions for liabilities

(714)

(12,391)

551

Capital and reserves

Called up share capital

100

Profit and loss account

(12,491)

451

Shareholders' funds

(12,391)

551

For the financial Period ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 16 December 2015

D R C Johnson

Director

Company Registration No. 02189554

BETTER BUSINESS MANAGEMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is appropriate because the Directors who are owed £149,542 at 31 March 2015 have agreed to support the company for the foreseeable future.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

10% Straight line

Equipment

20% Straight line / 10% Straight line

Motor vehicles

25% Reducing balance

1.5

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

BETTER BUSINESS MANAGEMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MARCH 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 January 2014

1,907

Additions

127,439

At 31 March 2015

129,346

Depreciation

At 1 January 2014

1,880

Charge for the period

7,194

At 31 March 2015

9,074

Net book value

At 31 March 2015

120,272

At 31 December 2013

Share capital

2015

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100