BID Assets Ltd - Abbreviated accounts

Registered number

09010639

BID Assets Ltd

Abbreviated Accounts

30 April 2016

BID Assets Ltd
Registered number:		09010639
Abbreviated Balance Sheet
as at 30 April 2016

Notes			2016
£
Fixed assets
Investments	2		690,000

Current assets
Debtors		48,422
Cash at bank and in hand		10,054
		58,476

Creditors: amounts falling due within one year		(54,362)

Net current assets			4,114

Net assets			694,114

Capital and reserves
Called up share capital	3		100
Revaluation reserve			690,000
Profit and loss account			4,014

Shareholder's funds			694,114

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Lee Smith
Director
Approved by the board on 31 July 2016

BID Assets Ltd
Notes to the Abbreviated Accounts
for the year ended 30 April 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.


2	Investments					£

	Cost
	Additions					690,000

	At 30 April 2016					690,000

3	Share capital	Nominal		2016		2016
value			Number		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100

Nominal			Number		Amount
value			£
	Shares issued during the period:
	Ordinary shares	£1 each		-		99