Balmain Enterprises Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04573507

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2015

for

Balmain Enterprises Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Directors:

Mr Keiran Paul Cooney

Mrs Lindsay Mary Cooney

Secretary:

Mrs Lindsay Mary Cooney

Registered office:

6 Arundel Place

Scarborough

North Yorkshire

YO11 1TX

Registered number:

04573507

Accountants:

Rayner & Co

Chartered Certified Accountants

6 Arundel Place

Scarborough

North Yorkshire

YO11 1TX

Fixed assets

Intangible assets

2

-

50,000

Tangible assets

3

11,953

618,981

11,953

668,981

Current assets

Stocks

-

7,000

Debtors

775

8,263

Cash at bank and in hand

284,582

72,957

285,357

88,220

Creditors

Amounts falling due within one year

4

59,363

192,722

Net current assets/(liabilities)

225,994

(104,502

)

Total assets less current liabilities

237,947

564,479

Creditors

Amounts falling due after more than one
year

4

-

(486,401

)

Provisions for liabilities

(2,325

)

(19,918

)

Net assets

235,622

58,160

Capital and reserves

Called up share capital

5

100

Profit and loss account

235,522

58,060

Shareholders' funds

235,622

58,160

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 November 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 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 25 August 2016 and were signed on its
behalf by:

Mr Keiran Paul Cooney - Director

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 April 2008).

Turnover

The turnover shown in the profit and loss account represents the total invoice value, excluding value

added tax, of sales made during the year. Income is recognised in the profit and loss account in

respect to services provided in the period in which the related services are delivered and the sale of

goods are recognised at the point of sale.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

1% on cost

Improvements to property

-

Straight line over 25 years

Fixtures and fittings

-

15% on reducing balance and 5% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not

reversed at the balance sheet date where transactions or events have occurred at that date that will

result in an obligation to pay more, or a right to pay less or to receive more tax, with the following

exceptions :

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely

than not that there will be suitable taxable profits from which the future reversal of the underlying timing

differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

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 December 2014

125,000

Disposals

(125,000

)

At 30 November 2015

-

Amortisation

At 1 December 2014

75,000

Amortisation for year

1,301

Eliminated on disposal

(76,301

)

At 30 November 2015

-

Net book value

At 30 November 2015

-

At 30 November 2014

50,000

3.	Tangible fixed assets

Total

£

Cost

At 1 December 2014

845,191

Additions

330

Disposals

(832,184

)

At 30 November 2015

13,337

Depreciation

At 1 December 2014

226,210

Charge for year

980

Eliminated on disposal

(225,806

)

At 30 November 2015

1,384

Net book value

At 30 November 2015

11,953

At 30 November 2014

618,981

4.

Creditors

Creditors include an amount of £ 0 (2014 - £ 523,295 ) for which security has been given.

5.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100