Abbreviated Company Accounts - BF MULHOLLAND LIMITED

BF MULHOLLAND LIMITED - Company Information

Registered Number NI610167

BF MULHOLLAND LIMITED

Abbreviated Accounts

31 December 2015

BF MULHOLLAND LIMITED Registered Number NI610167

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	210,000	245,000
Tangible assets	3	215,177	140,560
Investments	4	80	-
		425,257	385,560
Current assets
Stocks		686,165	268,120
		686,165	268,120
Net current assets (liabilities)		686,165	268,120
Total assets less current liabilities		1,111,422	653,680
Creditors: amounts falling due after more than one year		(654,263)	(273,053)
Total net assets (liabilities)		457,159	380,627
Capital and reserves
Called up share capital		50	220,050
Profit and loss account		457,109	160,577
Shareholders' funds		457,159	380,627

For the year ending 31 December 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 12 April 2016

And signed on their behalf by:
BF Mulholland, Director

BF MULHOLLAND LIMITED Registered Number NI610167

Notes to the Abbreviated Accounts for the period ended 31 December 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 comprises the invoiced value of goods and services supplied by the company, net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed asset, less their estimated residual value, over their expected useful lives on the following bases:-
- Plant & Machinery - 25% reducing balance
- Motor Vehicles - 25% reducing balance
- Fixtures & Fittings - 25% reducing balance
- Computer Equipment - 25% reducing balance

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss over its estimated economic life of ten years.

2Intangible fixed assets

	£
Cost
At 1 January 2015	350,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	350,000
Amortisation
At 1 January 2015	105,000
Charge for the year	35,000
On disposals	-
At 31 December 2015	140,000
Net book values
At 31 December 2015	210,000
At 31 December 2014	245,000

3Tangible fixed assets

	£
Cost
At 1 January 2015	218,102
Additions	139,367
Disposals	(15,500)
Revaluations	-
Transfers	-
At 31 December 2015	341,969
Depreciation
At 1 January 2015	77,542
Charge for the year	59,953
On disposals	(10,703)
At 31 December 2015	126,792
Net book values
At 31 December 2015	215,177
At 31 December 2014	140,560

4Fixed assets Investments
BF Mulholland IRE Limited was incorporated on 27th january 2015 with a share capital of €100 owned by BF Mulholland Ltd. The company was dormant throughout the year to 31st December 2015.