Bayar Hughes & Co Ltd - Abbreviated accounts 16.1

Bayar Hughes & Co Ltd - Abbreviated accounts 16.1

BAYAR HUGHES & CO LIMITED - Company Information

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REGISTERED NUMBER: 04106059 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

BAYAR HUGHES & CO LTD

BAYAR HUGHES & CO LTD (REGISTERED NUMBER: 04106059)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

BAYAR HUGHES & CO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2015







DIRECTORS: Mr B Chakarto
Mr U Patel





SECRETARY:





REGISTERED OFFICE: 4 Green Lane Business Park
New Eltham
London
SE9 3LL





REGISTERED NUMBER: 04106059 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL
1
BAYAR HUGHES & CO LTD (REGISTERED NUMBER: 04106059)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 302,476 302,476
Tangible assets 3 11,289 11,289
313,765 313,765

CURRENT ASSETS
Stocks - 3,208
Debtors 299,612 299,612
Prepayments and accrued income 15,898 15,898
Cash at bank and in hand 143,513 143,513
459,023 462,231
CREDITORS
Amounts falling due within one year 261,064 261,064
NET CURRENT ASSETS 197,959 201,167
TOTAL ASSETS LESS CURRENT
LIABILITIES
511,724
514,932

CREDITORS
Amounts falling due after more than one year (33,200 ) (33,200 )

PROVISIONS FOR LIABILITIES (2,026 ) (2,026 )
NET ASSETS 476,498 479,706

CAPITAL AND RESERVES
Called up share capital 4 210 210
Share premium 263,388 263,388
Profit and loss account 212,900 216,108
SHAREHOLDERS' FUNDS 476,498 479,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these abbreviated accounts

2
BAYAR HUGHES & CO LTD (REGISTERED NUMBER: 04106059)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2015


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 Board of Directors on 20 June 2016 and were signed on its behalf by:





Mr U Patel - Director


The notes form part of these abbreviated accounts

3
BAYAR HUGHES & CO LTD (REGISTERED NUMBER: 04106059)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and
trade discounts.

Goodwill
Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its
separable net assets. It is being written off in equal annual instalments over its estimated economic life.

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 etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of
the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014
and 30 September 2015 469,088
AMORTISATION
At 1 October 2014
and 30 September 2015 166,612
NET BOOK VALUE

At 30 September 2015 302,476
At 30 September 2014 302,476

4
BAYAR HUGHES & CO LTD (REGISTERED NUMBER: 04106059)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014
and 30 September 2015 30,576
DEPRECIATION
At 1 October 2014
and 30 September 2015 19,287
NET BOOK VALUE
At 30 September 2015 11,289
At 30 September 2014 11,289

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
10 Preference £1 10 10
210 210

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company paid £22,800 to Mr B Chakarto and Mr U Patel in respect of the rental of the office
premises. Both Mr B Chakarto and Mr U Patel are directors of the company.(2014:£22,800)

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