BUNTY_&_CO._(YORK)_LTD - Accounts

BUNTY & CO. (YORK) LIMITED - Company Information

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Company Registration No. 05821721 (England and Wales)

BUNTY & CO. (YORK) LTD

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MAY 2016

BUNTY & CO. (YORK) LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BUNTY & CO. (YORK) LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

17,435

Current assets

Stocks

17,884

Debtors

610

Cash at bank and in hand

240

18,734

Creditors: amounts falling due within one year

(129,014)

(110,139)

Net current liabilities

(129,014)

(91,405)

Total assets less current liabilities

(129,014)

(73,970)

Capital and reserves

Called up share capital

100

Profit and loss account

(129,114)

(74,070)

Shareholder's funds

(129,014)

(73,970)

For the financial period ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges her 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 and authorised for issue on 5 September 2016

Ms NJ Scott

Director

Company Registration No. 05821721

BUNTY & CO. (YORK) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 MAY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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.

1.4

Tangible fixed assets and depreciation

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:

Computer equipment

33% on cost

Fixtures, fittings & equipment

10% reducing balance

1.5

Stock

Work in progress is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 June 2015

37,900

Disposals

(37,900)

At 31 May 2016

Depreciation

At 1 June 2015

20,465

On disposals

(20,465)

At 31 May 2016

Net book value

At 31 May 2016

At 31 May 2015

17,435

BUNTY & CO. (YORK) LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 MAY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

24 Ordinary A of £1 each

76 Ordinary B of £1 each

100