Bereco Group Limited - Period Ending 2016-03-31

Registration number: 05484888

Bereco Group Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Bereco Group Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Bereco Group Limited (Registration number: 05484888)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Investments					98,755			98,755
Current assets
Debtors					4,995			4,995
Cash at bank and in hand					1,538,971			905,283
					1,543,966			910,278
Creditors: Amounts falling due within one year					(1,540,799)			(910,056)
Net current assets					3,167			222
Net assets					101,922			98,977
Capital and reserves
Called up share capital		3			97,750			97,750
Capital redemption reserve					1,000			1,000
Profit and loss account					3,172			227
Shareholders' funds					101,922			98,977

For the year ending 31 March 2016 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 director acknowledges his 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 director on 19 May 2016

.........................................
Mr K Martin
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Bereco Group Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... 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 January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

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.

2	Fixed assets

		Investments £			Total £
Cost
At 1 April 2015		98,755			98,755
At 31 March 2016		98,755			98,755
Depreciation
At 31 March 2016		-			-
Net book value
At 31 March 2016		98,755			98,755
At 31 March 2015		98,755			98,755

Page 2

Bereco Group Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Berali Limited		Ordinary	100%	Dormant
Bereco Limited		Ordinary	100%	Sale of timber windows to the construction sector
Bereco Retail Limited		A ordinary	100%	Sale of timber windows
Online Window Shop Limited		A ordinary	100%	Sale of timber windows

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
A ordinary of £1 each		97,750			97,750			97,750			97,750

Page 3