Company Registration No. 07675829 (England and Wales)
BAZ TRADING AND INVESTMENTS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
BAZ TRADING AND INVESTMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BAZ TRADING AND INVESTMENTS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
31 December 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Intangible assets
2
97,742
109,242
Tangible assets
2
54,581
20,696
152,323
129,938
Current assets
Debtors
59,786
30,677
Cash at bank and in hand
268,453
122,311
328,239
152,988
Creditors: amounts falling due within one year
(318,769)
(206,787)
Net current assets/(liabilities)
9,470
(53,799)
Total assets less current liabilities
161,793
76,139
Creditors: amounts falling due after more than one year
(31,242)
(69,518)
130,551
6,621
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
130,451
6,521
Shareholders' funds
130,551
6,621
For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 2 September 2014
Mr S Boyd
Director
Company Registration No. 07675829
BAZ TRADING AND INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
25% on cost
Fixtures, fittings & equipment
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2013
114,992
23,654
138,646
Additions
53,066
53,066
At 31 December 2013
114,992
76,720
191,712
Depreciation
At 1 January 2013
5,750
2,958
8,708
Charge for the year
11,500
19,181
30,681
At 31 December 2013
17,250
22,139
39,389
Net book value
At 31 December 2013
97,742
54,581
152,323
At 31 December 2012
109,242
20,696
129,938
BAZ TRADING AND INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
- 3 -
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
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