BELLA_ACCESS_LIMITED - Accounts

BELLA ACCESS LIMITED - Company Information

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Company Registration No. 07414807 (England and Wales)

BELLA ACCESS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

BELLA ACCESS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

BELLA ACCESS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,968,357

1,487,854

Current assets

Debtors

454,259

537,269

Cash at bank and in hand

36,374

48,521

490,633

585,790

Creditors: amounts falling due within one year

(1,392,471)

(1,603,825)

Net current liabilities

(901,838)

(1,018,035)

Total assets less current liabilities

1,066,519

469,819

Creditors: amounts falling due after more than one year

(676,141)

(273,225)

Provisions for liabilities

(83,374)

(41,055)

307,004

155,539

Capital and reserves

Called up share capital

500

Share premium account

2,495

4,990

Profit and loss account

304,009

150,049

Shareholders' funds

307,004

155,539

BELLA ACCESS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 7 June 2016

Mr J Dalmas

Director

Company Registration No. 07414807

BELLA ACCESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

10% straight line basis

Computer equipment

3 years straight line basis

Fixtures, fittings & equipment

15% reducing balance basis

Motor vehicles

25% reducing balance basis

1.5

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.

1.6

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.

BELLA ACCESS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 January 2015

2,002,148

Additions

756,040

Disposals

(46,334)

At 31 December 2015

2,711,854

Depreciation

At 1 January 2015

514,294

On disposals

(30,712)

Charge for the year

259,915

At 31 December 2015

743,497

Net book value

At 31 December 2015

1,968,357

At 31 December 2014

1,487,854

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £396,659 (2014 - £334,210).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £676,141 (2014 - £273,225).

Share capital

2015

2014

Allotted, called up and fully paid

500 Ordinary shares of £1 each

500