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BAYSIDE DEVELOPMENTS LTD
REGISTERED NUMBER: 07482903
ABBREVIATED BALANCE SHEET
AS AT 31 JANUARY 2014
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CREDITORS: amounts falling due within one year
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For the year ended 31 January 2014 the company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its loss for the financial year, in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 7 July 2014.
The notes on page 2 form part of these financial statements.
Page 1
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BAYSIDE DEVELOPMENTS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2014
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Stocks and work in progress
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Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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2.SHARE CAPITAL
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Allotted, called up and fully paid
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3,000 Ordinary shares of £1 each
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3.RELATED PARTY TRANSACTIONS
During the year the company has received funds and paid expenses on behlaf of two connected companies, Richmond House (Southampton) Ltd and Fleet UK.Com Ltd, both companies of which Mr K Hackett is a director. As at 31 January 2014 the amount due to Richmond House (Southampton) Ltd was £NIL and due to Fleet UK.Com Ltd was £123,417.
Page 2
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