Backsaver Garden Tools Limited,Ltd - Accounts

BACKSAVER GARDEN TOOLS LTD - Company Information

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Backsaver Garden Tools Limited

For the year ended 28 February 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 06129123

Contents Page

Backsaver Garden Tools Limited

For the year ended 28 February 2016

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

Backsaver Garden Tools Limited

As at 28 February 2016

06129123

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

560

700

560

700

Current assets

Stocks

15,300

2,200

Debtors

4,143

5,432

Cash at bank and in hand

26,208

10,735

33,840

30,178

Creditors: amounts falling due within one year

(46,583)

(10,351)

(16,405)

23,489

Net current assets

Total assets less current liabilities

24,049

(15,705)

Creditors: amounts falling due after more than one year

(50,560)

(26,511)

Net liabilities

(15,705)

Capital and reserves

Called up share capital

100

Profit and loss account

(26,611)

(15,805)

(26,511)

(15,705)

Shareholders funds

For the year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 23 November 2016

Mrs J Smith Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Backsaver Garden Tools Limited

For the year ended 28 February 2016

1 Accounting Policies

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25 Reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

4,599

At 01 March 2015

At 28 February 2016

4,599

Depreciation

3,899

At 01 March 2015

140

Charge for year

4,039

At 28 February 2016

Net book values

At 28 February 2016

560

700

At 28 February 2015

Debtors include an amount of £3500 (2015: £0) falling due after more than one year

3 Debtors:

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Notes to the Abbreviated Financial Statements

Backsaver Garden Tools Limited

For the year ended 28 February 2016

4 Share capital

Authorised

100 Class A shares of £1.00 each

Allotted called up and fully paid

2016

2015

100 Class A shares of £1.00 each

100

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