BELVOIR_ASSOCIATES_LIMITE - Accounts

BELVOIR ASSOCIATES LIMITED - Company Information

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Company Registration No. 02547845 (England and Wales)

BELVOIR ASSOCIATES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

BELVOIR ASSOCIATES LIMITED

CONTENTS

Page

Accountants' report

Abbreviated balance sheet

Notes to the abbreviated accounts

3 - 4

BELVOIR ASSOCIATES LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BELVOIR ASSOCIATES LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2015

- 1 -

The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Belvoir Associates Limited for the year ended 30 November 2015 set out on pages 3 to 9 from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of Belvoir Associates Limited, as a body, in accordance with the terms of our engagement letter dated 1 June 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Belvoir Associates Limited and state those matters that we have agreed to state to the Board of Directors of Belvoir Associates Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Belvoir Associates Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Belvoir Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Belvoir Associates Limited. You consider that Belvoir Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Belvoir Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Clear & Lane Limited

Chartered Accountants

340 Melton Road

Leicester

LE4 7SL

11 August 2016

BELVOIR ASSOCIATES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 2 -

2015

2014

Notes

Fixed assets

Tangible assets

435,648

452,851

Current assets

Stocks

268,162

293,343

Debtors

159,589

85,999

Cash at bank and in hand

901,983

912,482

1,329,734

1,291,824

Creditors: amounts falling due within one year

(458,414)

(563,750)

Net current assets

871,320

728,074

Total assets less current liabilities

1,306,968

1,180,925

Provisions for liabilities

(18,200)

(20,676)

1,288,768

1,160,249

Capital and reserves

Called up share capital

1,998

Profit and loss account

1,286,770

1,158,251

Shareholders' funds

1,288,768

1,160,249

For the financial year ended 30 November 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 24 July 2016

Mr T C King

Director

Company Registration No. 02547845

BELVOIR ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 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 April 2008).

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 and is recognised as goods are despatched.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Land and buildings Freehold

2% straight line on buildings

Plant and machinery

25% reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

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.

1.7

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.

BELVOIR ASSOCIATES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 4 -

Fixed assets

Tangible assets

Cost

At 1 December 2014

658,537

Additions

17,707

At 30 November 2015

676,244

Depreciation

At 1 December 2014

205,686

Charge for the year

34,910

At 30 November 2015

240,596

Net book value

At 30 November 2015

435,648

At 30 November 2014

452,851

Share capital

2015

2014

Allotted, called up and fully paid

1,998 Ordinary £1 shares of £1 each

1,998