Abbreviated Company Accounts - BUDE SOLAR LIMITED

Abbreviated Company Accounts - BUDE SOLAR LIMITED

BUDE SOLAR LIMITED - Company Information

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Registered Number 07543195

BUDE SOLAR LIMITED

Abbreviated Accounts

31 March 2015

BUDE SOLAR LIMITED Registered Number 07543195

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Current assets
Debtors 2 1,379,841 1,174,541
Cash at bank and in hand - 825,917
1,379,841 2,000,458
Creditors: amounts falling due within one year (70,921) (105,828)
Net current assets (liabilities) 1,308,920 1,894,630
Total assets less current liabilities 1,308,920 1,894,630
Creditors: amounts falling due after more than one year (978,747) (1,582,322)
Total net assets (liabilities) 330,173 312,308
Capital and reserves
Called up share capital 3 300,031 300,031
Profit and loss account 30,142 12,277
Shareholders' funds 330,173 312,308
  • For the year ending 31 March 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 29 January 2016

And signed on their behalf by:
A C Klaren, Director

BUDE SOLAR LIMITED Registered Number 07543195

Notes to the Abbreviated Accounts for the period ended 31 March 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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Other accounting policies
Deferred tax
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on a un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchases contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as an asset.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to expense on a straight line basis over the lease term.

2Debtors
2015
£		 2014
£
Debtors include the following amounts due after more than one year 1,117,460 1,045,962
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
100,000 A Ordinary shares of £1 each 100,000 100,000
200,000 B Ordinary shares of £1 each 200,000 200,000
300,000 C Ordinary shares of £0.0001 each 30 30
12,245 Ordinary shares of £0.0001 each 1 1