BAC Interiors Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07166879 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

BAC Interiors Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M D Jenkins

P Gillard

REGISTERED OFFICE:

7 Soundwell Road

Staple Hill

Bristol

Avon

BS16 4QG

REGISTERED NUMBER:

07166879 (England and Wales)

ACCOUNTANTS:

Norton Accountancy Ltd

7 Soundwell Road

Staple Hill

Bristol

BS16 4QG

FIXED ASSETS

Tangible assets

2

22,323

29,764

CURRENT ASSETS

Stocks

5,875

-

Debtors

44,937

64,025

Cash at bank and in hand

28,884

43,892

79,696

107,917

CREDITORS

Amounts falling due within one year

25,059

36,144

NET CURRENT ASSETS

54,637

71,773

TOTAL ASSETS LESS CURRENT
LIABILITIES

76,960

101,537

CREDITORS

Amounts falling due after more than one year

74,949

57,525

NET ASSETS

2,011

44,012

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

1,911

43,912

SHAREHOLDERS' FUNDS

2,011

44,012

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 5 December 2016 and were signed on its behalf by:

P Gillard - Director

M D Jenkins - 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.

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% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

At 1 April 2015

and 31 March 2016

45,146

DEPRECIATION

At 1 April 2015

15,382

Charge for year

7,441

At 31 March 2016

22,823

NET BOOK VALUE

At 31 March 2016

22,323

At 31 March 2015

29,764

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

1

100