Abbreviated Company Accounts - BIDABILITY LIMITED

BIDABILITY LIMITED - Company Information

07172521 BIDABILITY LIMITED 2015-09-30 false 2014-04-01 2015-09-30 true 07172521 2014-04-01 2015-09-30 07172521 2015-09-30 07172521 2014-03-31 07172521 uk-gaap-cd-bus:Director1 2014-04-01 2015-09-30 07172521 uk-gaap-cd-bus:Director2 2014-04-01 2015-09-30 uk-gaap-cd-bus:Director3 2014-04-01 2015-09-30 uk-gaap-cd-bus:Director3 2015-09-30 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:Director4 2014-04-01 2015-09-30 uk-gaap-cd-bus:Director4 2015-09-30 uk-gaap-cd-bus:Director4 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 07172521

BIDABILITY LIMITED

Abbreviated Accounts

30 September 2015

BIDABILITY LIMITED Registered Number 07172521

Abbreviated Balance Sheet as at 30 September 2015

	Notes	30/09/2015	31/03/2014
		£	£
Fixed assets
Tangible assets	2	-	1,430
		-	1,430
Current assets
Debtors		2	33,120
Cash at bank and in hand		-	8,180
		2	41,300
Creditors: amounts falling due within one year		-	(42,246)
Net current assets (liabilities)		2	(946)
Total assets less current liabilities		2	484
Total net assets (liabilities)		2	484
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		0	482
Shareholders' funds		2	484

For the year ending 30 September 2015 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 directors acknowledge their 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 Board on 29 June 2016

And signed on their behalf by:
Miss R Collins, Director
Mrs S Taylor, Director

BIDABILITY LIMITED Registered Number 07172521

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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).

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

Tangible assets depreciation policy
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:

Computers and website costs Written off over 3 years

Other accounting policies
Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

2Tangible fixed assets

	£
Cost
At 1 April 2014	10,077
Additions	-
Disposals	(10,077)
Revaluations	-
Transfers	-
At 30 September 2015	0
Depreciation
At 1 April 2014	8,647
Charge for the year	1,173
On disposals	(9,820)
At 30 September 2015	0
Net book values
At 30 September 2015	0
At 31 March 2014	1,430

3Called Up Share Capital
Allotted, called up and fully paid:

	30/09/2015 £	31/03/2014 £
2 Ordinary shares of £1 each	2	2

4Transactions with directors

Name of director receiving advance or credit:	Miss R Collins
Description of the transaction:	Loan Account
Balance at 1 April 2014:	£ 8,141
Advances or credits made:	£ 27,130
Advances or credits repaid:	£ 33,278
Balance at 30 September 2015:	£ 1,993

Name of director receiving advance or credit:	Mrs S Taylor
Description of the transaction:	Loan Account
Balance at 1 April 2014:	£ 5,143
Advances or credits made:	£ 34,185
Advances or credits repaid:	£ 39,328
Balance at 30 September 2015:	£ 0

At 30 September 2015 there was a balance owed by Miss R Collins of £1,993 (31 March 2014 £8,141). During the period the maximum overdrawn amount was £9,173. Amounts drawn during the period totalled £27,130 and amounts repaid totalled £33,278.

At 30 September 2015 there was a balance owed to Mrs S Taylor of £1,991 (31 March 2014 due from Mrs S Taylor £5,143). During the period the maximum overdrawn amount was £7,458. Amounts drawn during the period totalled £34,185 and amounts repaid totalled £41,319.