BIQA Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08700950 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

BRITISH AND INTERNATIONAL

QUALITY ANTIQUES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Greenwood

T Mork

REGISTERED OFFICE:

87 Fore Street

Hertford

Hertfordshire

SG14 1AL

REGISTERED NUMBER:

08700950 (England and Wales)

ACCOUNTANTS:

Taxpoint Direct Limited

Chartered Certified Accountants &Tax Consultants

Mae House

96 George Lane

South Woodford

London

E18 1AD

CURRENT ASSETS

Stocks

10,079

31,215

Debtors

18,895

-

Cash at bank and in hand

100

144

29,074

31,359

CREDITORS

Amounts falling due within one year

19,988

19,573

NET CURRENT ASSETS

9,086

11,786

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,086

11,786

CREDITORS

Amounts falling due after more than one year

14,312

NET LIABILITIES

(5,226

)

(2,526

)

CAPITAL AND RESERVES

Called up share capital

2

3

Profit and loss account

(5,229

)

(2,529

)

SHAREHOLDERS' FUNDS

(5,226

)

(2,526

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 28 September 2016 and were signed on its behalf by:

A Greenwood - Director

T Mork - 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.

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.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

3

Ordinary

1

3

3.	GOING CONCERN

To the balance sheet date the company's liabilities exceeded its assets by £5,226 and its ability to trade is dependent on the

financial support of its current director and shareholders. Such financial support will continue to be made and these

accounts have been prepared on the basis that the company will continue to trade normally