| Belfast Linen Trading Limited |
| Registered number: |
03075792 |
| Abbreviated Balance Sheet |
| as at 30 November 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
8,227 |
|
|
10,969 |
|
| Current assets |
| Stocks |
|
|
81,971 |
|
|
91,079 |
| Debtors |
|
|
347,436 |
|
|
312,394 |
| Cash at bank and in hand |
|
|
38,755 |
|
|
42,262 |
|
|
|
468,162 |
|
|
445,735 |
|
| Creditors: amounts falling due within one year |
|
|
(343,468) |
|
|
(322,983) |
|
| Net current assets |
|
|
|
124,694 |
|
|
122,752 |
|
| Total assets less current liabilities |
|
|
|
132,921 |
|
|
133,721 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(18,539) |
|
|
(22,504) |
|
|
|
| Net assets |
|
|
|
114,382 |
|
|
111,217 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
250,000 |
|
|
250,000 |
| Profit and loss account |
|
|
|
(135,618) |
|
|
(138,783) |
|
| Shareholders' funds |
|
|
|
114,382 |
|
|
111,217 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr. A. M. Nichols |
| Director |
| Approved by the board on 24 August 2016 |
|
| Belfast Linen Trading Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 November 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% reducing balance method |
|
Motor vehicles |
25% reducing balance method |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2014 |
106,349 |
|
At 30 November 2015 |
106,349 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2014 |
95,380 |
|
Charge for the year |
2,742 |
|
At 30 November 2015 |
98,122 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2015 |
8,227 |
|
At 30 November 2014 |
10,969 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2015 |
|
2014 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
24,215 |
|
29,423 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
250,000 |
|
250,000 |
|
250,000 |
|
|
|
|
|
|
|
|
|
