BOUNCE!_SALES_&_MARKETING - Accounts

BOUNCE! SALES & MARKETING LIMITED - Company Information

Print Friendly Version

Company Registration No. 04365005 (England and Wales)

BOUNCE! SALES & MARKETING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

BOUNCE! SALES & MARKETING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BOUNCE! SALES & MARKETING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

7,797

5,678

Current assets

Stocks

77,495

60,895

Debtors

512,608

440,568

Cash at bank and in hand

70,751

590,103

572,214

Creditors: amounts falling due within one year

(478,086)

(500,162)

Net current assets

112,017

72,052

Total assets less current liabilities

119,814

77,730

Provisions for liabilities

(1,082)

(835)

118,732

76,895

Capital and reserves

Called up share capital

100

Profit and loss account

118,632

76,795

Shareholders' funds

118,732

76,895

For the financial year 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 year 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 for issue on 21 December 2015

R J Snuggs

Director

Company Registration No. 04365005

BOUNCE! SALES & MARKETING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR 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).

1.2

Turnover

Turnover represents the total fees invoiced less credit notes, discounts and value added tax.

1.3

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

25% straight line

Fixtures, fittings & equipment

25% reducing balance

1.4

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.5

Deferred taxation

Deferred taxation 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.

Fixed assets

Tangible assets

Cost

At 1 April 2014

49,355

Additions

5,608

At 31 March 2015

54,963

Depreciation

At 1 April 2014

43,677

Charge for the year

3,489

At 31 March 2015

47,166

Net book value

At 31 March 2015

7,797

At 31 March 2014

5,678

BOUNCE! SALES & MARKETING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £32,791 (2014 - £0).

Share capital

2015

2014

Allotted, called up and fully paid

7,000 Ordinary A shares of 1p each

1,000 Ordinary B shares of 1p each

2,000 Ordinary C shares of 1p each

100

Each class of share has its own dividend rights and the A ordinary shares have 10 votes per share against one for the other two classes. In all other respects each class of share carries equal rights.