BED_E_BYES_LIMITED - Accounts
BED_E_BYES_LIMITED - Accounts
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
Company Registration No. 06119657 (England and Wales)
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(157,455 )
(159,990 )
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more than one year
3
(131,933 )
(23,593 )
Provisions for liabilities
(8,030 )
(7,644 )
Capital and reserves
Called up share capital
4
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2013
- 2 -
Director's responsibilities:
-
-
Approved by the Board and authorised for issue on 23 May 2014
Director
Company Registration No. 06119657
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013
- 3 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Patents
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.5
Tangible fixed assets and depreciation
Website
Computer equipment
Fixtures, fittings & equipment
Motor vehicles
1.6
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.7
Stock
Stock is valued at the lower of cost and net realisable value.
1.8
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.9
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2013
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2013
-
54,791
Additions
23,563
At 31 December 2013
78,354
Depreciation
At 1 January 2013
-
18,393
Charge for the year
-
14,074
At 31 December 2013
-
32,467
Net book value
At 31 December 2013
45,887
At 31 December 2012
-
36,398
3
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £0 (2012 - £31,921).
4
Share capital
2013
2012
£
£
Allotted, called up and fully paid