Biomass Environmental Solutions Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07977922 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

BIOMASS ENVIRONMENTAL SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr A P Conduit

REGISTERED OFFICE:

Unit 3

Ranscombe Farm

Barnetts Wood Lane

Bighton

Hampshire

SO24 9SF

REGISTERED NUMBER:

07977922 (England and Wales)

ACCOUNTANTS:

Khan Morris Accountants Limited

Empress Heights

College Street

Southampton

Hampshire

SO14 3LA

FIXED ASSETS

Tangible assets

2

170,938

148,859

CURRENT ASSETS

Stocks

19,262

-

Debtors

9,793

2,683

Cash at bank

186

936

29,241

3,619

CREDITORS

Amounts falling due within one year

19,114

16,600

NET CURRENT ASSETS/(LIABILITIES)

10,127

(12,981

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

181,065

135,878

CREDITORS

Amounts falling due after more than one
year

123,006

156,392

NET ASSETS/(LIABILITIES)

58,059

(20,514

)

CAPITAL AND RESERVES

Called up share capital

3

125,002

2

Profit and loss account

(66,943

)

(20,516

)

SHAREHOLDERS' FUNDS

58,059

(20,514

)

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 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 14 November 2016 and were signed by:

Mr A P Conduit - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The director considers that, notwithstanding the company's negative net assets position, it is

appropriate to prepare the accounts on a going concern basis as the company will be able to continue

to meet its liabilities as they fall due, due to the continuing support of the director.

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

-

5% on cost

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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

149,709

Additions

33,989

At 31 March 2016

183,698

DEPRECIATION

At 1 April 2015

850

Charge for year

11,910

At 31 March 2016

12,760

NET BOOK VALUE

At 31 March 2016

170,938

At 31 March 2015

148,859

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

2

Ordinary

£1

2

125,000

Redeemable preference

£1

125,000

-

125,002

2

125,000 Redeemable preference shares of £1 each were allotted and fully paid for cash at par during

the year.

The redeemable preference shares are non-voting shares and are to be redeemed at par at the option

of the company.