Abbreviated Company Accounts - THE BUSINESS SERVICES UNIT LIMITED

Abbreviated Company Accounts - THE BUSINESS SERVICES UNIT LIMITED

THE BUSINESS SERVICES UNIT LIMITED - Company Information

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Registered Number 03596570

THE BUSINESS SERVICES UNIT LIMITED

Abbreviated Accounts

31 August 2015

THE BUSINESS SERVICES UNIT LIMITED Registered Number 03596570

Abbreviated Balance Sheet as at 31 August 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,580 2,526
2,580 2,526
Current assets
Stocks 13,749 17,842
Debtors 5,932 4,458
Cash at bank and in hand 42,723 56,872
62,404 79,172
Creditors: amounts falling due within one year (20,610) (28,546)
Net current assets (liabilities) 41,794 50,626
Total assets less current liabilities 44,374 53,152
Provisions for liabilities (389) (354)
Total net assets (liabilities) 43,985 52,798
Capital and reserves
Called up share capital 2 2
Profit and loss account 43,983 52,796
Shareholders' funds 43,985 52,798
  • For the year ending 31 August 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 5 April 2016

And signed on their behalf by:
S Bennett, Director

THE BUSINESS SERVICES UNIT LIMITED Registered Number 03596570

Notes to the Abbreviated Accounts for the period ended 31 August 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 and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 September 2014 21,738
Additions 917
Disposals -
Revaluations -
Transfers -
At 31 August 2015 22,655
Depreciation
At 1 September 2014 19,212
Charge for the year 863
On disposals -
At 31 August 2015 20,075
Net book values
At 31 August 2015 2,580
At 31 August 2014 2,526