B.D.SILVERT RESEARCH LIMITED - Period Ending 2015-12-31

Registration number: 02186945

B.D.SILVERT RESEARCH LIMITED

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Harrison Salmon Associates
Chartered Certified Accountants
7 Towngate
Leyland
Lancashire
PR25 2EN

B.D.SILVERT RESEARCH LIMITED
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
B.D.SILVERT RESEARCH LIMITED
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of B.D.SILVERT RESEARCH LIMITED for the year ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of B.D.SILVERT RESEARCH LIMITED, as a body, in accordance with the terms of our engagement letterdated 29 October 2009. Our work has been undertaken solely to prepare for your approval the accounts of B.D.SILVERT RESEARCH LIMITED and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B.D.SILVERT RESEARCH LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that B.D.SILVERT RESEARCH LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of B.D.SILVERT RESEARCH LIMITED. You consider that B.D.SILVERT RESEARCH LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of B.D.SILVERT RESEARCH LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Harrison Salmon Associates
Chartered Certified Accountants
7 Towngate
Leyland
Lancashire
PR25 2EN

14 September 2016

Page 1

B.D.SILVERT RESEARCH LIMITED
(Registration number: 02186945)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					3,455			4,318
Current assets
Debtors					324,371			324,683
Cash at bank and in hand					2,814			2,815
					327,185			327,498
Creditors: Amounts falling due within one year					(300)			(300)
Net current assets					326,885			327,198
Total assets less current liabilities					330,340			331,516
Provisions for liabilities					(416)			(528)
Net assets					329,924			330,988
Capital and reserves
Called up share capital		3			710			710
Profit and loss account					329,214			330,278
Shareholders' funds					329,924			330,988

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 14 September 2016 and signed on its behalf by:

.........................................
Mr Barry Silvert
Company secretary

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

B.D.SILVERT RESEARCH 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).

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
Office equipment	20% Reducing balance basis

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

B.D.SILVERT RESEARCH LIMITED
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		113,404			113,404
At 31 December 2015		113,404			113,404
Depreciation
At 1 January 2015		109,086			109,086
Charge for the year		863			863
At 31 December 2015		109,949			109,949
Net book value
At 31 December 2015		3,455			3,455
At 31 December 2014		4,318			4,318

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A of £1 each		100			100			100			100
Ordinary B of £1 each		610			610			610			610
		710			710			710			710

Page 4