Abbreviated Company Accounts - BEST PRESTIGE LIMITED

BEST PRESTIGE LIMITED - Company Information

03761380 BEST PRESTIGE LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 03761380 2014-04-01 2015-03-31 03761380 2015-03-31 03761380 2014-03-31 03761380 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 03761380 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 iso4217:GBP shares

Registered Number 03761380

BEST PRESTIGE LIMITED

Abbreviated Accounts

31 March 2015

BEST PRESTIGE LIMITED Registered Number 03761380

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	837	1,117
		837	1,117
Current assets
Stocks		101,840	98,761
Debtors		1,000	1,000
Cash at bank and in hand		1,330	288
		104,170	100,049
Creditors: amounts falling due within one year		(71,461)	(41,475)
Net current assets (liabilities)		32,709	58,574
Total assets less current liabilities		33,546	59,691
Provisions for liabilities		(167)	(223)
Total net assets (liabilities)		33,379	59,468
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		33,279	59,368
Shareholders' funds		33,379	59,468

For the year ending 31 March 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 directors acknowledge their 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 Board on 22 December 2015

And signed on their behalf by:
J R Verity, Director

BEST PRESTIGE LIMITED Registered Number 03761380

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value tax.

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

Plant and machinery etc - 25% reducing balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 April 2014	4,232
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	4,232
Depreciation
At 1 April 2014	3,115
Charge for the year	280
On disposals	-
At 31 March 2015	3,395
Net book values
At 31 March 2015	837
At 31 March 2014	1,117

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
50 A Ordinary shares of £1 each	50	50
50 B Ordinary shares of £1 each	50	50