Abbreviated Company Accounts - UK BULLION LIMITED

UK BULLION LIMITED - Company Information

04470288 UK BULLION LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 04470288 2014-07-01 2015-06-30 04470288 2015-06-30 04470288 2014-06-30 04470288 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 04470288 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 04470288

UK BULLION LIMITED

Abbreviated Accounts

30 June 2015

UK BULLION LIMITED Registered Number 04470288

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	27,323	32,144
		27,323	32,144
Current assets
Stocks		220,239	259,706
Debtors		389,019	220,283
Cash at bank and in hand		28,953	54,469
		638,211	534,458
Creditors: amounts falling due within one year		(240,518)	(203,920)
Net current assets (liabilities)		397,693	330,538
Total assets less current liabilities		425,016	362,682
Provisions for liabilities		(5,037)	(5,907)
Total net assets (liabilities)		419,979	356,775
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		419,978	356,774
Shareholders' funds		419,979	356,775

For the year ending 30 June 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 24 March 2016

And signed on their behalf by:
M Joicey, Director

UK BULLION LIMITED Registered Number 04470288

Notes to the Abbreviated Accounts for the period ended 30 June 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 usefull life, as follows;

Fixtures, fittings
and equipment - 15% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 July 2014	89,198
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	89,198
Depreciation
At 1 July 2014	57,054
Charge for the year	4,821
On disposals	-
At 30 June 2015	61,875
Net book values
At 30 June 2015	27,323
At 30 June 2014	32,144

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

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1