Be Cool (Carlisle) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05201176 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

Be Cool (Carlisle) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Wardrope

Mrs E Wardrope

SECRETARY:

Mrs E Wardrope

REGISTERED OFFICE:

7 Oak Lane

Parkland Village

Carlisle

Cumbria

CA1 3SW

REGISTERED NUMBER:

05201176 (England and Wales)

ACCOUNTANTS:

James W A Cruickshank & Co

Chartered Accountants

Chartered Tax Advisers

Inglewood

Wreay

Carlisle

Cumbria

CA4 0RL

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

1,325

250

1,325

250

CURRENT ASSETS

Stocks

2,000

Debtors

42,052

13,039

Cash at bank

6,813

20,940

50,865

35,979

CREDITORS

Amounts falling due within one year

48,446

32,937

NET CURRENT ASSETS

2,419

3,042

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,744

3,292

PROVISIONS FOR LIABILITIES

262

254

NET ASSETS

3,482

3,038

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

3,480

3,036

SHAREHOLDERS' FUNDS

3,482

3,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 November 2016 and were signed on its behalf
by:

D Wardrope - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the balance sheet and

amortised over it's estimated useful life up to a maximum of 20 years. This length of time is presumed to be the

maximum useful life of purchased goodwill because it is difficult to make projections beyond this period.

Goodwill is reviewed for impairment at the end of the first full financial year following each acquisition and

subsequently as and when necessary if circumstances emerge that indicate that the carrying value may not be

recoverable.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less it's estimated residual value, over the useful

economic life of that asset as follows:

Goodwill - 5 Years straight line

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or

a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rate that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

3,600

AMORTISATION

At 1 November 2015

and 31 October 2016

3,600

NET BOOK VALUE

At 31 October 2016

-

At 31 October 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

17,178

Additions

1,807

At 31 October 2016

18,985

DEPRECIATION

At 1 November 2015

16,928

Charge for year

732

At 31 October 2016

17,660

NET BOOK VALUE

At 31 October 2016

1,325

At 31 October 2015

250

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

2