Abbreviated Company Accounts - B.M.I. ENGINEERING LIMITED

B.M.I. ENGINEERING LIMITED - Company Information

01221870 B.M.I. ENGINEERING LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 01221870 2014-08-01 2015-07-31 01221870 2015-07-31 01221870 2014-07-31 01221870 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 01221870 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 01221870

B.M.I. ENGINEERING LIMITED

Abbreviated Accounts

31 July 2015

B.M.I. ENGINEERING LIMITED Registered Number 01221870

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	925,025	494,410
		925,025	494,410
Current assets
Stocks		155,127	106,051
Debtors		560,590	714,200
Cash at bank and in hand		61,583	353,549
		777,300	1,173,800
Creditors: amounts falling due within one year		(867,422)	(961,571)
Net current assets (liabilities)		(90,122)	212,229
Total assets less current liabilities		834,903	706,639
Creditors: amounts falling due after more than one year		(294,533)	(75,492)
Provisions for liabilities		(42,674)	(63,221)
Total net assets (liabilities)		497,696	567,926
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		497,596	567,826
Shareholders' funds		497,696	567,926

For the year ending 31 July 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 11 December 2015

And signed on their behalf by:
J.T Clarke, Director
J.C.Clarke, Director

B.M.I. ENGINEERING LIMITED Registered Number 01221870

Notes to the Abbreviated Accounts for the period ended 31 July 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
Turnover represents the total invoice value, excluding value added tax of sales made during the year

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 10% Reducing balance
Fixtures, fitting and equipment - 20% Reducing balance
Motor vehicles - 25% Reducing balance

Other accounting policies
Stock- Stock is valued at the lower of cost and net realisable value

2Tangible fixed assets

	£
Cost
At 1 August 2014	968,023
Additions	558,112
Disposals	(15,395)
Revaluations	-
Transfers	-
At 31 July 2015	1,510,740
Depreciation
At 1 August 2014	473,613
Charge for the year	112,102
On disposals	-
At 31 July 2015	585,715
Net book values
At 31 July 2015	925,025
At 31 July 2014	494,410

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2,000 Ordinary shares of £1 each	2,000	2,000