Beef Improvement Grouping Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02848266

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

BEEF IMPROVEMENT GROUPING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Lord Middleton

T S Rymer

R M Hughes

R J Fuller

R C Rook

R G Field

P W Farnsworth

SECRETARY:

R J Fuller

REGISTERED OFFICE:

Southburn Offices

Southburn

Driffield

East Yorkshire

YO25 9ED

REGISTERED NUMBER:

02848266

ACCOUNTANTS:

Bradbury & Co (Accountants) Limited

Chartered Tax Advisers and Accountants

Driffield

FIXED ASSETS

Tangible assets

2

62,900

85,823

CURRENT ASSETS

Stocks

53,859

6,098

Debtors

92,590

56,583

Cash at bank

323,254

268,996

469,703

331,677

CREDITORS

Amounts falling due within one year

(117,365

)

(130,022

)

NET CURRENT ASSETS

352,338

201,655

TOTAL ASSETS LESS CURRENT LIABILITIES

415,238

287,478

CREDITORS

Amounts falling due after more than one year

(41,169

)

(51,463

)

NET ASSETS

374,069

236,015

CAPITAL AND RESERVES

Called up share capital

3

500

500

Capital redemption reserve

21,931

21,931

Profit and loss account

351,638

213,584

SHAREHOLDERS' FUNDS

374,069

236,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 5 March 2014 and were signed on its behalf by:

Lord Middleton - Director

T S Rymer - Director

R C Rook - Director

1.	ACCOUNTING POLICIES

Accounting convention

The accounts have been prepared under the historical cost accounting convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover is the total amount, excluding value added tax, receivable by the company for goods and other

services provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated

useful life.

Motor vehicles

25%

Plant & machinery

20%

Stocks

Stocks are valued at the lower of cost or net realisable value.

Government grants

Government grants receivable in respect of expenditure charged to the revenue account during the year

have been credited in the profit and loss account.

Government grants receivable in respect of capital are treated as deferred income, which is credited to

the profit and loss account by instalments over the expected useful life of the related asset, on a basis

consistent with the depreciation policy.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

109,863

DEPRECIATION

At 1 January 2013

24,040

Charge for year

22,923

At 31 December 2013

46,963

NET BOOK VALUE

At 31 December 2013

62,900

At 31 December 2012

85,823

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

500

'B' ordinary

£1

500

500