BNE Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02910268 (England and Wales)

BNE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2015

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

277,265

280,106

CURRENT ASSETS

Debtors

562

487

Cash at bank

7,768

14,069

8,330

14,556

CREDITORS

Amounts falling due within one year

3

149,297

167,149

NET CURRENT LIABILITIES

(140,967

)

(152,593

)

TOTAL ASSETS LESS CURRENT LIABILITIES

136,298

127,513

CREDITORS

Amounts falling due after more than one year

3

(106,056

)

(112,409

)

PROVISIONS FOR LIABILITIES

(6,262

)

(3,856

)

NET ASSETS

23,980

11,248

CAPITAL AND RESERVES

Called up share capital

4

8

8

Profit and loss account

23,972

11,240

SHAREHOLDERS' FUNDS

23,980

11,248

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

The members have not required the company to obtain an audit of its financial statements for the year ended 5 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 25 June 2015 and were signed on its behalf by:

C D I Noble - Director

J P Rivett - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

In accordance with the principles of revenue recognition as stated in UITF 40 and Application Note G, turnover

represents the value of work done in the accounting period, including estimates of amounts 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.

Freehold property

-

1% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6 April 2014

and 5 April 2015

284,131

DEPRECIATION

At 6 April 2014

4,025

Charge for year

2,841

At 5 April 2015

6,866

NET BOOK VALUE

At 5 April 2015

277,265

At 5 April 2014

280,106

3.

CREDITORS

Creditors include an amount of £ 113,356 (2014 - £ 120,409 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

73,456

76,409

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

8

Ordinary

1

8

8