Blueskies Trading Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08430980 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

Blueskies Trading Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D G Hogben

SECRETARY:

Mrs U Hogben

REGISTERED OFFICE:

48 Albert Road

Addlestone

Surrey

KT15 2PX

REGISTERED NUMBER:

08430980 (England and Wales)

ACCOUNTANTS:

CSL Partnership Limited

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Tangible assets

2

610

401

CURRENT ASSETS

Stocks

1,000

3,000

Cash at bank

20,150

23,551

21,150

26,551

CREDITORS

Amounts falling due within one year

(20,237

)

(17,086

)

NET CURRENT ASSETS

913

9,465

TOTAL ASSETS LESS CURRENT LIABILITIES

1,523

9,866

PROVISIONS FOR LIABILITIES

(122

)

(80

)

NET ASSETS

1,401

9,786

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

1,400

9,785

SHAREHOLDERS' FUNDS

1,401

9,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 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 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 19 May 2016 and were signed by:

D G Hogben - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

830

Additions

699

At 31 March 2016

1,529

DEPRECIATION

At 1 April 2015

429

Charge for year

490

At 31 March 2016

919

NET BOOK VALUE

At 31 March 2016

610

At 31 March 2015

401

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary

£1

1