Abbreviated Company Accounts - BAXWORTH TRADING LIMITED

BAXWORTH TRADING LIMITED - Company Information

04012947 BAXWORTH TRADING LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 04012947 2015-01-01 2015-12-31 04012947 2015-12-31 04012947 2014-12-31 04012947 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 04012947 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:USD shares

Registered Number 04012947

BAXWORTH TRADING LIMITED

Abbreviated Accounts

31 December 2015

BAXWORTH TRADING LIMITED Registered Number 04012947

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		$	$
Fixed assets
Investments	2	289,623	289,623
		289,623	289,623
Current assets
Stocks		112,642	112,642
Debtors	3	984,698	1,009,068
Cash at bank and in hand		118	1,865
		1,097,458	1,123,575
Prepayments and accrued income		-	1,874
Creditors: amounts falling due within one year		(503,961)	(208,456)
Net current assets (liabilities)		593,497	916,993
Total assets less current liabilities		883,120	1,206,616
Creditors: amounts falling due after more than one year		(681,801)	(873,203)
Accruals and deferred income		(11,583)	(5,760)
Total net assets (liabilities)		189,736	327,653
Capital and reserves
Called up share capital	4	1,811	1,811
Profit and loss account		187,925	325,842
Shareholders' funds		189,736	327,653

For the year ending 31 December 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 26 August 2016

And signed on their behalf by:
Ioannis Papas, Director

BAXWORTH TRADING LIMITED Registered Number 04012947

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
Investments
Investments held as fixed assets are shown at cost less provision for impairment.

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of
fixed and variable overheads.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into dollars at rates
of exchange ruling at the balance sheet date.Transactions in foreign currencies are translated into dollars at the rate ruling on the date of the transaction. Exchange gains and losses are recognised in the Profit and loss account.

2Fixed assets Investments
Investments
in
subsidiary
companies
$
Cost or valuation
At 1 January 2015 and 31 December 2015 289,623
Net book value
At 31 December 2015 289,623
At 31 December 2014 289,623
Subsidiary undertakings
The following were subsidiary undertakings of the company:
Name Class of shares Holding
LadaGarant JVJSC Ordinary 99.73 %
J&W Sanderson Ltd Ordinary 100 %
JV Lada-OMC Engineering Ordinary 7.26 %

3Debtors

	2015 $	2014 $
Debtors include the following amounts due after more than one year	812,979	836,485

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 $	2014 $
1,200 Ordinary shares of $1.5092 each	1,811	1,811

1,200 Ordinary shares of £1 each