B & L Products Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01163362 (England and Wales)

B & L Products Limited

Abbreviated Unaudited Accounts

For The Year Ended 31st March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

DIRECTORS:

G Garrard

Mrs C A Garrard

SECRETARY:

Mrs C A Garrard

REGISTERED OFFICE:

Unit 23

Blue Stem Road

Ransomes Industrial Estate

Ipswich

Suffolk

IP3 9RR

REGISTERED NUMBER:

01163362 (England and Wales)

ACCOUNTANTS:

John Phillips & Co Limited

Accountants

Unit 81 Centaur Court

Claydon Business Park

Gt. Blakenham

Ipswich

Suffolk

IP6 0NL

FIXED ASSETS

Tangible assets

2

757

1,010

CURRENT ASSETS

Stocks

74,359

76,101

Debtors

47,741

26,503

Cash at bank

228,756

211,654

350,856

314,258

CREDITORS

Amounts falling due within one year

71,093

34,609

NET CURRENT ASSETS

279,763

279,649

TOTAL ASSETS LESS CURRENT
LIABILITIES

280,520

280,659

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

280,518

280,657

SHAREHOLDERS' FUNDS

280,520

280,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 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 14th September 2016 and were signed
on its behalf by:

G Garrard - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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 timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

40,353

DEPRECIATION

At 1st April 2015

39,343

Charge for year

253

At 31st March 2016

39,596

NET BOOK VALUE

At 31st March 2016

757

At 31st March 2015

1,010

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2