BEVERLEY_BLINDS_LTD - Accounts

BEVERLEYBLINDS LTD - Company Information

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Company Registration No. 06058421 (England and Wales)

BEVERLEY BLINDS LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

BEVERLEY BLINDS LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BEVERLEY BLINDS LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

11,031

5,757

Current assets

Stocks

7,500

8,100

Debtors

3,159

Cash at bank and in hand

9,594

7,525

17,094

18,784

Creditors: amounts falling due within one year

(25,141)

(24,240)

Net current liabilities

(8,047)

(5,456)

Total assets less current liabilities

2,984

301

Capital and reserves

Called up share capital

Profit and loss account

2,983

300

Shareholders' funds

2,984

301

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have 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 29 March 2016

Mr J Beverley

Director

Company Registration No. 06058421

BEVERLEY BLINDS LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

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).

The financial statements have been prepared on the going concern basis, on the assumption that the trade creditors will continue to support the company.

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

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:

Fixtures, fittings & equipment

25% straight line

Motor vehicles

25% straight line

Fixed assets

Tangible assets

Cost

At 1 July 2014

17,548

Additions

8,861

At 30 June 2015

26,409

Depreciation

At 1 July 2014

11,792

Charge for the year

3,586

At 30 June 2015

15,378

Net book value

At 30 June 2015

11,031

At 30 June 2014

5,757

BEVERLEY BLINDS LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary of £1 each

Transactions with directors

At 30th June 2015 the amount owed to the director Mr J Beverley on his director's current account was £370.

During the year dividends of £3,000 were paid to the former director Mr A Beverley.

Ultimate parent company

The company is controlled by Mr J Beverley, the director appointed on 20th July 2015, who owns 100% of the voting shares from 11th August 2015.