Bruce Douglas Property Services Limited - Limited company - abbreviated - 11.9

BRUCE DOUGLAS PROPERTY SERVICES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B C Douglas

REGISTERED OFFICE:

3 Glynfield Road

London

NW10 9JY

REGISTERED NUMBER:

07538780 (England and Wales)

ACCOUNTANTS:

Ballard Dale Syree Watson LLP

11c Kingswood Road

Hampton Lovett

Droitwich

Worcestershire

WR9 0QH

FIXED ASSETS

Tangible assets

2

3,430

4,288

CURRENT ASSETS

Stocks

8,501

750

Debtors

998

-

Cash at bank

2,668

1,808

12,167

2,558

CREDITORS

Amounts falling due within one year

19,705

6,104

NET CURRENT LIABILITIES

(7,538

)

(3,546

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,108

)

742

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(4,109

)

741

SHAREHOLDERS' FUNDS

(4,108

)

742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 6 January 2016 and were signed by:

B C Douglas - 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).

Turnover

Turnover represents net invoiced sales of goods, 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.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

8,327

DEPRECIATION

At 1 June 2014

4,039

Charge for year

858

At 31 May 2015

4,897

NET BOOK VALUE

At 31 May 2015

3,430

At 31 May 2014

4,288

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1