Abbreviated Company Accounts - BEACON RENEWABLE ENERGY LIMITED

BEACON RENEWABLE ENERGY LIMITED - Company Information

Registered Number NI614183

BEACON RENEWABLE ENERGY LIMITED

Abbreviated Accounts

31 December 2015

BEACON RENEWABLE ENERGY LIMITED Registered Number NI614183

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	10,565	13,895
		10,565	13,895
Current assets
Stocks		19,676	26,626
Debtors		69,456	10,803
Cash at bank and in hand		17,858	13,072
		106,990	50,501
Creditors: amounts falling due within one year		(80,820)	(51,153)
Net current assets (liabilities)		26,170	(652)
Total assets less current liabilities		36,735	13,243
Creditors: amounts falling due after more than one year		(6,930)	(8,632)
Total net assets (liabilities)		29,805	4,611
Capital and reserves
Called up share capital		10	7
Share premium account		0	4,995
Profit and loss account		29,795	(391)
Shareholders' funds		29,805	4,611

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 23 June 2016

And signed on their behalf by:
Kieran Hunt, Director

BEACON RENEWABLE ENERGY LIMITED Registered Number NI614183

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of accounting

The financial statements have been prepared under the historical cost convention, and in accordance with applicable UK accounting standards.

Cash flow statement

The directors have taken advantage of the exemption in Financial Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the company is small.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% Straight line
Motor Vehicles - 25% Reducing balance
Equipment - 25% Straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Tangible fixed assets

	£
Cost
At 1 January 2015	18,626
Additions	400
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	19,026
Depreciation
At 1 January 2015	4,731
Charge for the year	3,730
On disposals	-
At 31 December 2015	8,461
Net book values
At 31 December 2015	10,565
At 31 December 2014	13,895