BCT Outdoors Limited - Period Ending 2015-12-31

Registration number: 06037754

BCT Outdoors Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

BCT Outdoors Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 6

BCT Outdoors Limited
(Registration number: 06037754)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Intangible fixed assets					1,700			3,400
Tangible fixed assets		2			114,541			163,588
Investments					28,394			28,394
					144,635			195,382
Current assets
Stocks					572,000			562,000
Debtors					134,315			83,394
Cash at bank and in hand					4,047			4,530
					710,362			649,924
Creditors: Amounts falling due within one year					(592,400)			(611,996)
Net current assets					117,962			37,928
Total assets less current liabilities					262,597			233,310
Creditors: Amounts falling due after more than one year					(50,414)			(31,451)
Provisions for liabilities					(21,075)			(27,942)
Net assets					191,108			173,917
Capital and reserves
Called up share capital		4			2			2
Profit and loss account					191,106			173,915
Shareholders' funds					191,108			173,917

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Approved by the Board on 13 September 2016 and signed on its behalf by:

The notes on pages 3 to 6 form an integral part of these financial statements.
Page 1

BCT Outdoors Limited
(Registration number: 06037754)
Abbreviated Balance Sheet at 31 December 2015
......... continued

.........................................
Mr Christopher John Fawcett
Director

The notes on pages 3 to 6 form an integral part of these financial statements.
Page 2

BCT Outdoors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Government grants

Where government grants relate to capital items the amount of the grant is deducted from the purchase price or production cost of the related asset, with a consequent reduction in the annual charge for depreciation. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Goodwill	over 10 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% straight line basis
Fixtures, fittings and equipment	20% straight line basis
Land and building leasehold	40% straight line basis (Fully written off)
Motor vehicle	25% straight line basis

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Page 3

BCT Outdoors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 4

BCT Outdoors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Investments £			Total £
Cost
At 1 January 2015		17,000			368,638			28,396			414,034
Additions		-			24,500			-			24,500
Disposals		-			(32,315)			-			(32,315)
At 31 December 2015		17,000			360,823			28,396			406,219
Depreciation
At 1 January 2015		13,600			205,050			2			218,652
Charge for the year		1,700			45,080			-			46,780
Eliminated on disposals		-			(3,848)			-			(3,848)
At 31 December 2015		15,300			246,282			2			261,584
Net book value
At 31 December 2015		1,700			114,541			28,394			144,635
At 31 December 2014		3,400			163,588			28,394			195,382

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Gardens Marquees Ltd England		Ordinary	100%	Dormant

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		192,622			156,163
Amounts falling due after more than one year		50,414			31,451
Total secured creditors		243,036			187,614

Page 5

BCT Outdoors Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 6