BLACKBURN_CIRCUIT_DESIGN_ - Accounts

BLACKBURN CIRCUIT DESIGN LIMITED - Company Information

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Company Registration No. 02524231 (England and Wales)

BLACKBURN CIRCUIT DESIGN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

BLACKBURN CIRCUIT DESIGN LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BLACKBURN CIRCUIT DESIGN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

762

1,051

Current assets

Stocks

12,352

2,080

Debtors

120,957

135,505

Cash at bank and in hand

653

859

133,962

138,444

Creditors: amounts falling due within one year

(94,141)

(95,732)

Net current assets

39,821

42,712

Total assets less current liabilities

40,583

43,763

Capital and reserves

Called up share capital

1,980

Profit and loss account

38,603

41,783

Shareholders' funds

40,583

43,763

For the financial year ended 30 September 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 2 December 2016

P Gandy

P Harrison

Director

Company Registration No. 02524231

BLACKBURN CIRCUIT DESIGN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 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 January 2015).

The company finances its operations by means of a bank overdraft facility. The directors are not aware of any reason why the overdraft facility will not be maintained at its current level. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.

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 amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

1.5

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:

Computer, plant & equipment

25% straight line

Office equipment

20% straight line

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 October 2015 & at 30 September 2016

8,794

66,161

74,955

Depreciation

At 1 October 2015

8,794

65,110

73,904

Charge for the year

289

At 30 September 2016

8,794

65,399

74,193

Net book value

At 30 September 2016

762

At 30 September 2015

1,051

BLACKBURN CIRCUIT DESIGN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2016

- 3 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £22,971 (2015 - £23,308).

Share capital

2016

2015

Allotted, called up and fully paid

1,980 Ordinary shares of £1 each

1,980

Ultimate parent company

The company's parent company is Blackburn Circuit Design Holdings Limited.

Related party relationships and transactions

Other transactions

The bank overdraft facility is secured by a debenture and by personal guarantees given by the directors to the value of £40,000.