British Overseas & Export Trading Limite - Limited company - abbreviated

REGISTERED NUMBER: 00350633 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

British Overseas & Export Trading

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

E R S Lakeland

SECRETARY:

A Anselmi

REGISTERED OFFICE:

35a Hazlemere Road

Penn

Buckinghamshire

HP10 8AD

REGISTERED NUMBER:

00350633 (England and Wales)

ACCOUNTANTS:

PW Beere Accounting Solutions Limited

35a Hazlemere Road

Penn

Buckinghamshire

HP10 8AD

FIXED ASSETS

Tangible assets

2

5,986

7,981

Investments

3

10,690

16,676

18,671

CURRENT ASSETS

Debtors

104,966

82,305

Cash at bank and in hand

424

15,508

105,390

97,813

CREDITORS

Amounts falling due within one year

115,844

123,928

NET CURRENT LIABILITIES

(10,454

)

(26,115

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,222

(7,444

)

PROVISIONS FOR LIABILITIES

1,197

-

NET ASSETS/(LIABILITIES)

5,025

(7,444

)

CAPITAL AND RESERVES

Called up share capital

4

530,000

Profit and loss account

(524,975

)

(537,444

)

SHAREHOLDERS' FUNDS

5,025

(7,444

)

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 director acknowledges his 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 director on 29 December 2015 and were signed by:

E R S Lakeland - 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).

Preparation of consolidated financial statements

The financial statements contain information about British Overseas & Export Trading Limited as an individual

company and do not contain consolidated financial information as the parent of a group. The company has taken

the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

176,102

DEPRECIATION

At 1 April 2014

168,121

Charge for year

1,995

At 31 March 2015

170,116

NET BOOK VALUE

At 31 March 2015

5,986

At 31 March 2014

7,981

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

and 31 March 2015

20,690

PROVISIONS

At 1 April 2014

and 31 March 2015

10,000

NET BOOK VALUE

At 31 March 2015

10,690

At 31 March 2014

10,690

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

30,000

A Ordinary

1

30,000

500,000

B Ordinary

1

500,000

530,000

British Overseas & Export Trading Limite - Limited company - abbreviated - 11.9

British Overseas & Export Trading Limite - Limited company - abbreviated - 11.9