Abbreviated Company Accounts - BHULLAR INVESTMENTS LIMITED

BHULLAR INVESTMENTS LIMITED - Company Information

Registered Number 04835284

BHULLAR INVESTMENTS LIMITED

Abbreviated Accounts

31 July 2015

BHULLAR INVESTMENTS LIMITED Registered Number 04835284

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	21,000	31,000
Tangible assets	3	2,035	2,482
		23,035	33,482
Current assets
Stocks		719,870	719,870
Debtors		298,819	226,944
Investments		350,000	295,000
Cash at bank and in hand		155,800	186,489
		1,524,489	1,428,303
Creditors: amounts falling due within one year		(53,212)	(50,788)
Net current assets (liabilities)		1,471,277	1,377,515
Total assets less current liabilities		1,494,312	1,410,997
Creditors: amounts falling due after more than one year		(364,268)	(376,912)
Total net assets (liabilities)		1,130,044	1,034,085
Capital and reserves
Called up share capital		300	300
Profit and loss account		1,129,744	1,033,785
Shareholders' funds		1,130,044	1,034,085

For the year ending 31 July 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 25 April 2016

And signed on their behalf by:
MR T P S BHULLAR, Director

BHULLAR INVESTMENTS LIMITED Registered Number 04835284

Notes to the Abbreviated Accounts for the period ended 31 July 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 invoiced amount of goods sold and services provided.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write the cost less estimated residual value of each asset evenly over its expected useful life as follows:-

Plant & Equipment etc 18% on written down value

Intangible assets amortisation policy
Goodwill is amortised at 10% per annum

2Intangible fixed assets

	£
Cost
At 1 August 2014	100,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	100,000
Amortisation
At 1 August 2014	69,000
Charge for the year	10,000
On disposals	-
At 31 July 2015	79,000
Net book values
At 31 July 2015	21,000
At 31 July 2014	31,000

3Tangible fixed assets

	£
Cost
At 1 August 2014	8,999
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	8,999
Depreciation
At 1 August 2014	6,517
Charge for the year	447
On disposals	-
At 31 July 2015	6,964
Net book values
At 31 July 2015	2,035
At 31 July 2014	2,482