Beswick Stone (Cirencester) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07203519 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

BESWICK STONE (CIRENCESTER) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

W J Forde

SECRETARY:

W J Forde

REGISTERED OFFICE:

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

REGISTERED NUMBER:

07203519 (England and Wales)

ACCOUNTANTS:

Dennis & Turnbull

Chartered Accountants

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

FIXED ASSETS

Tangible assets

2

9,859

-

CURRENT ASSETS

Stocks

413,000

-

Debtors

270,651

1

Cash at bank and in hand

65,920

-

749,571

1

CREDITORS

Amounts falling due within one year

(481,951

)

-

NET CURRENT ASSETS

267,620

1

TOTAL ASSETS LESS CURRENT LIABILITIES

277,479

1

PROVISIONS FOR LIABILITIES

(1,972

)

-

NET ASSETS

275,507

1

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

275,506

-

SHAREHOLDERS' FUNDS

275,507

1

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 5 December 2016 and were signed by:

W J Forde - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 etc

-

25% straight line basis

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.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

11,441

At 30 September 2015

11,441

DEPRECIATION

Charge for year

1,582

At 30 September 2015

1,582

NET BOOK VALUE

At 30 September 2015

9,859

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary share

£1

1

1

4.	GOING CONCERN

Although the company had a solvent balance sheet at the balance sheet date of £353k, the company

had current liabilities in excess of the ability of the liquid assets and cashflows to meet them.

The directors have reviewed the forecasts and have a reasonable expectation that they will be able to

provide sufficient support to continue trading and meet the obligations of the company.

The directors are satisfied that the forecasts prepared and the trading performance provide a

reasonable expectation that the company has adequate resources to continue in operational existence

for the foreseeable future. For this reason, the company continues to adopt the going concern basis.

5.	LOANS TO PARTICIPATORS

The following loans to participators subsisted during the year ended 30 September 2015.

W J Forde

2015

£

Balance owed (from) / to participator at start of the year

-

Amounts advanced

(136,506)

Amounts repaid

106,200

Balance owed (from) / to participator at end of the year

(30,306)

Interest is charged on the overdrawn loan account at HM Revenue and Custom's official rate.