Bermon Limited - Period Ending 2014-03-31

Registration number: 07984091

Bermon Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Wincham Accountants Limited
Wincham House
Back Lane
Greenfield Farm Trad Est
Congleton
Cheshire
CW12 4TR

Bermon Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Bermon Limited
(Registration number: 07984091)
Abbreviated Balance Sheet at 31 March 2014

		Note			31 March 2014 £			31 March 2013 £
Fixed assets
Tangible fixed assets					220,133			382,573
Creditors: Amounts falling due within one year					(3,606)			(15,129)
Net assets					216,527			367,444
Capital and reserves
Called up share capital		3			234,334			374,334
Profit and loss account					(17,807)			(6,890)
Shareholders' funds					216,527			367,444

For the year ending 31 March 2014 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 4 August 2014 and signed on its behalf by:

.........................................
Mrs Julie Anne Kempson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Bermon Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going concern

The accounts have been prepared on a going concern basis. The company has net liabilities; however the directors, having made appropriate enquiries, and with the continued support of the shareholders the directors believe the company has the ability to meet its liabilities as they fall due. For this reason the accounts have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is charged across the expected economic life of the assets with reference to the residual values

Asset class	Depreciation method and rate
Freehold Property	Nil charge

Foreign currency

Foreign currency transactions are recorded at the exchange rate ruling on the date of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the retranslation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies, are recognised in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Bermon Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		382,573			382,573
Disposals		(162,440)			(162,440)
At 31 March 2014		220,133			220,133
Depreciation
At 31 March 2014		-			-
Net book value
At 31 March 2014		220,133			220,133
At 31 March 2013		382,573			382,573

3	Share capital

Allotted, called up and fully paid shares

	31 March 2014						31 March 2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2
Redeemable Preference shares of £1 each		234,332			234,332			374,332			374,332
		234,334			234,334			374,334			374,334

Redeemable preference shares

The Redeemable Preference shares are redeemable at the option of the company. They are redeemable at £1 per share and carry full voting rights In May 2013 140,000 £1 redeemable preference shares were redeemed at par .

Page 3