BBI_FINANCE_LIMITED - Accounts

BBI FINANCE LIMITED - Company Information

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Company Registration No. 03102002 (England and Wales)

BBI FINANCE LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

BBI FINANCE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BBI FINANCE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

208

277

Current assets

Debtors

1,370,032

1,232,485

1,370,032

1,232,485

Creditors: amounts falling due within one year

(510,362)

(439,380)

Net current assets

859,670

793,105

Total assets less current liabilities

859,878

793,382

Capital and reserves

Called up share capital

100,200

Other reserves

50,000

Profit and loss account

709,678

643,182

Shareholders' funds

859,878

793,382

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 October 2016

S R Illidge

A C Illidge

Director

Company Registration No. 03102002

BBI FINANCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents lease rentals receivable under finance leases which fell due during the year (excluding value added tax).

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Reducing balance

1.5

Revenue recognition

Revenue for the sale of goods is recognised on the transfer of risks and rewards of ownership, which generally coincides with the time when the goods are collected by customers and title has passed.

Tangible fixed assets

Fixtures, fittings & equipment

Cost

At 1 April 2015 & at 31 March 2016

6,024

Depreciation

At 1 April 2015

5,747

Charge for the year

At 31 March 2016

5,816

Net book value

At 31 March 2016

208

At 31 March 2015

277

Debtors

Debtors include an amount of £1,313,043 (2015 - £1,155,249) which is due after more than one year.

BBI FINANCE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100,000 Ordinary 'A' shares of £1 each

100,000

200 Ordinary 'B' shares of £1 each

200

100,200