BELLANO_FINANCIAL_CONTRAC - Accounts

BELLANO FINANCIAL CONTRACTS LIMITED - Company Information

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Company Registration No. 04734843 (England and Wales)

BELLANO FINANCIAL CONTRACTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

BELLANO FINANCIAL CONTRACTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

BELLANO FINANCIAL CONTRACTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

505

Current assets

Debtors

30,240

26,640

Cash at bank and in hand

107,708

125,860

137,948

152,500

Creditors: amounts falling due within one year

(29,392)

(31,655)

Net current assets

108,556

120,845

Total assets less current liabilities

108,556

121,350

Capital and reserves

Called up share capital

100

Profit and loss account

108,456

121,250

Shareholders' funds

108,556

121,350

For the financial year ended 31 March 2016 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

A Forde Johnston

Director

Company Registration No. 04734843

BELLANO FINANCIAL CONTRACTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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:

Office equipment

50% straight line basis

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

1,428

Depreciation

At 1 April 2015

923

Charge for the year

505

At 31 March 2016

1,428

Net book value

At 31 March 2016

At 31 March 2015

505

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100