Abbreviated Company Accounts - BESTINSLOT LTD

Abbreviated Company Accounts - BESTINSLOT LTD

BESTINSLOT LTD - Company Information

Print Friendly Version

Registered Number 09110434

BESTINSLOT LTD

Abbreviated Accounts

30 June 2015

BESTINSLOT LTD Registered Number 09110434

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015
£
Fixed assets
Tangible assets 2 5,526
5,526
Current assets
Cash at bank and in hand 8,983
8,983
Creditors: amounts falling due within one year (12,046)
Net current assets (liabilities) (3,063)
Total assets less current liabilities 2,463
Provisions for liabilities (1,105)
Total net assets (liabilities) 1,358
Capital and reserves
Called up share capital 3 100
Profit and loss account 1,258
Shareholders' funds 1,358
  • For the year ending 30 June 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 7 October 2015

And signed on their behalf by:
C Dalgarno, Director

BESTINSLOT LTD Registered Number 09110434

Notes to the Abbreviated Accounts for the period ended 30 June 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
The turnover in the profit and loss account represents the value of work carried out during the year.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment - 20% reducing balance

Other accounting policies
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in a obligation to pay more, or right to pay less or to receiver more tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Tangible fixed assets
£
Cost
Additions 6,908
Disposals -
Revaluations -
Transfers -
At 30 June 2015 6,908
Depreciation
Charge for the year 1,382
On disposals -
At 30 June 2015 1,382
Net book values
At 30 June 2015 5,526
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
100 Ordinary shares of £1 each 100