Burnley Savings and Loans Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07640762 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 August 2016

for

Burnley Savings and Loans Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D Fishwick

REGISTERED OFFICE:

30 Keirby Walk

Burnley

Lancashire

BB11 2DE

REGISTERED NUMBER:

07640762 (England and Wales)

ACCOUNTANTS:

Dymond Ashworth

Chartered Certified Accountants

1st Floor

98-100 Gisburn Road

Barrowford

Lancashire

BB9 6EW

FIXED ASSETS

Tangible assets

2

12,948

8,429

Investments

3

36,836

49,784

45,265

CURRENT ASSETS

Debtors

4

7,201,113

4,802,703

Investments

-

8,735

Cash at bank and in hand

807,894

1,048,054

8,009,007

5,859,492

CREDITORS

Amounts falling due within one year

1,564,346

1,352,399

NET CURRENT ASSETS

6,444,661

4,507,093

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,494,445

4,552,358

CREDITORS

Amounts falling due after more than one year

6,209,453

4,468,320

NET ASSETS

284,992

84,038

CAPITAL AND RESERVES

Called up share capital

5

375,365

1

Profit and loss account

(90,373

)

84,037

SHAREHOLDERS' FUNDS

284,992

84,038

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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:

D Fishwick - 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 interest and fees receivable during the accounting period in respect of loans outstanding from

clients.

Tangible fixed assets

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

Office equipment

-

15% on reducing balance

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

12,002

Additions

6,804

At 31 August 2016

18,806

DEPRECIATION

At 1 September 2015

3,573

Charge for year

2,285

At 31 August 2016

5,858

NET BOOK VALUE

At 31 August 2016

12,948

At 31 August 2015

8,429

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2015

and 31 August 2016

36,836

NET BOOK VALUE

At 31 August 2016

36,836

At 31 August 2015

36,836

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 4,671,988 (31.8.15 - £ 3,142,533 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

375,365

Ordinary

1

375,365

1