Bivagold Limited - Abbreviated accounts

Registered number

06853700

Bivagold Limited

Abbreviated Accounts

31 March 2015

Bivagold Limited

Report to the directors on the preparation of the unaudited abbreviated accounts of Bivagold Limited for the year ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Bivagold Limited for the year ended 31 March 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Frank Jay & Co

89A Kindsland
High Street
London
E8 2PB

30 December 2015

Bivagold Limited
Registered number:		06853700
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		25,386			8,998

Current assets
Stocks		3,954			3,954
Debtors		23,426			30,910
Cash at bank and in hand		3,890			10,741
		31,270			45,605

Creditors: amounts falling due within one year		(91,666)			(98,826)

Net current liabilities			(60,396)			(53,221)

Total assets less current liabilities			(35,010)			(44,223)

Creditors: amounts falling due after more than one year			(2,092)			(5,032)



Net liabilities			(37,102)			(49,255)

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			(37,103)			(49,256)

Shareholders' funds			(37,102)			(49,255)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mrs Margaret Obiekwe
Director
Approved by the board on 30 December 2015

Bivagold Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			15% straight line
	Motor vehicles			10% straight line


2	Tangible fixed assets					£

	Cost
	At 1 April 2014					10,860
	Additions					18,614
	At 31 March 2015					29,474

	Depreciation
	At 1 April 2014					1,862
	Charge for the year					2,226
	At 31 March 2015					4,088

	Net book value
	At 31 March 2015					25,386
	At 31 March 2014					8,998


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		1		1