BBW Developers Limited - Period Ending 2016-01-31

Registration number: 08198777

BBW Developers Limited

trading as BBW Developers Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

Tahas
Certified Accountants & Tax Advisors
Suite 2
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

BBW Developers Limited
trading as BBW Developers Ltd
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
BBW Developers Limited
trading as BBW Developers Ltd
for the Year Ended 31 January 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BBW Developers Limited for the year ended 31 January 2016 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 BBW Developers Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of BBW Developers 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 BBW Developers Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that BBW Developers 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 BBW Developers Limited. You consider that BBW Developers 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 BBW Developers 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.

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

Tahas
Certified Accountants & Tax Advisors
Suite 2
Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

Date:.............................

Page 1

BBW Developers Limited
trading as BBW Developers Ltd
(Registration number: 08198777)
Abbreviated Balance Sheet at 31 January 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					960			980
Current assets
Stocks					1,148,183			-
Debtors					35,386			89,385
Cash at bank and in hand					3,652			25,068
					1,187,221			114,453
Creditors: Amounts falling due within one year					(1,188,040)			(69,866)
Net current (liabilities)/assets					(819)			44,587
Net assets					141			45,567
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					41			45,467
Shareholders' funds					141			45,567

For the year ending 31 January 2016 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 28 October 2016 and signed on its behalf by:

.........................................
Mr B J Robinson
Director

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

BBW Developers Limited
trading as BBW Developers Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... 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
Land	2% straight line

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2015		1,000			1,000
At 31 January 2016		1,000			1,000
Depreciation
At 1 February 2015		20			20
Charge for the year		20			20
At 31 January 2016		40			40
Net book value
At 31 January 2016		960			960
At 31 January 2015		980			980

Page 3

BBW Developers Limited
trading as BBW Developers Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 4