Back2Front Malvern Limited - Period Ending 2013-12-31

Registration number: 05461966

Back2Front Malvern Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2013
 

Stewarts Accountants Limited
271 High Street
Berkhamsted
Herts
HP4 1AA

Back2Front Malvern Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Back2Front Malvern Limited
for the Year Ended 31 December 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Back2Front Malvern Limited for the year ended 31 December 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Back2Front Malvern Limited , as a body, in accordance with the terms of our engagement letterdated 6 March 2006. Our work has been undertaken solely to prepare for your approval the accounts of Back2Front Malvern Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Back2Front Malvern Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Back2Front Malvern Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Back2Front Malvern Limited . You consider that Back2Front Malvern Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Back2Front Malvern Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Stewarts Accountants Limited
271 High Street
Berkhamsted
Herts
HP4 1AA

29 September 2014

Page 1

Back2Front Malvern Limited
(Registration number: 05461966)
Abbreviated Balance Sheet at 31 December 2013

		Note			2013 £			2012 £
Fixed assets
Intangible fixed assets					45,200			67,800
Tangible fixed assets					133,320			214,244
					178,520			282,044
Current assets
Stocks					-			183
Debtors					29,207			25,001
Cash at bank and in hand					75,576			2,214
					104,783			27,398
Creditors: Amounts falling due within one year					(89,842)			(68,270)
Net current assets/(liabilities)					14,941			(40,872)
Total assets less current liabilities					193,461			241,172
Creditors: Amounts falling due after more than one year					(196,138)			(260,209)
Net liabilities					(2,677)			(19,037)
Capital and reserves
Called up share capital		4			1,500			1,000
Profit and loss account					(4,177)			(20,037)
Shareholders' deficit					(2,677)			(19,037)

For the year ending 31 December 2013 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 29 September 2014 and signed on its behalf by:

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Back2Front Malvern Limited
(Registration number: 05461966)
Abbreviated Balance Sheet at 31 December 2013
......... continued

.........................................
Richard Gilder
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Back2Front Malvern Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

1	Accounting policies

Basis of preparation

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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line basis

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance basis
Office equipment	25% reducing balance basis
Motor vehicles	25% reducing balance basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Back2Front Malvern Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2013
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 January 2013		226,000			231,151			457,151
Additions		-			182			182
Disposals		-			(80,000)			(80,000)
At 31 December 2013		226,000			151,333			377,333
Depreciation
At 1 January 2013		158,200			16,907			175,107
Charge for the year		22,600			1,106			23,706
At 31 December 2013		180,800			18,013			198,813
Net book value
At 31 December 2013		45,200			133,320			178,520
At 31 December 2012		67,800			214,244			282,044

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2013 £			2012 £
After more than five years by instalments		78,000			64,532

4	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary shares of £1 each		1,500			1,500			1,000			1,000

New shares allotted

During the year 500 Ordinary shares having an aggregate nominal value of £500 were allotted for an aggregate consideration of £500.

Page 5