Beal Davis Software Limited,Ltd - Accounts

Beal Davis Software Limited,Ltd - Accounts

BEAL DAVIS SOFTWARE LIMITED - Company Information

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2015-07-01 true false Private Limited Company 05149788 2016-06-30 05149788 2015-07-01 2016-06-30 05149788 2015-06-30 05149788 2014-07-01 2015-06-30 05149788 uk-bus:Director1 2015-07-01 2016-06-30 05149788 uk-gaap:PlantMachinery 2015-07-01 2016-06-30 05149788 uk-gaap:ComputerEquipment 2015-07-01 2016-06-30 05149788 uk-bus:OrdinaryShareClass1 2016-06-30 05149788 uk-bus:OrdinaryShareClass2 2016-06-30 05149788 uk-bus:OrdinaryShareClass3 2016-06-30 iso4217:GBP
Beal Davis Software Limited
For the year ended 30 June 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05149788
2
Contents Page
Beal Davis Software Limited
For the year ended 30 June 2016
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Beal Davis Software Limited
Accountants' Report
For the year ended 30 June 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 June
2016 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil
your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Bridgeman Accountants Ltd
23 Bridgeman Terrace
Wigan
WN1 1SX
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4
Abbreviated Balance Sheet
Beal Davis Software Limited
As at 30 June 2016
05149788
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Tangible assets
2
3,911
5,024
3,911
5,024
Current assets
Debtors
72,903
57,175
Cash at bank and in hand
153,135
221,705
210,310
294,608
Creditors: amounts falling due within one year
(177,663)
(145,282)
116,945
65,028
Net current assets
Total assets less current liabilities
68,939
121,969
68,939
Net assets
121,969
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
68,839
121,869
68,939
121,969
Shareholders funds
For the year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 08 November 2016
Mr D Humphreys Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Beal Davis Software Limited
For the year ended 30 June 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
Computer Equipment
33% Reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
Notes to the Abbreviated Financial Statements
Beal Davis Software Limited
For the year ended 30 June 2016
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
15,392
At 01 July 2015
729
Additions
At 30 June 2016
16,121
Depreciation
10,368
At 01 July 2015
1,842
Charge for year
12,210
At 30 June 2016
Net book values
At 30 June 2016
3,911
5,024
At 30 June 2015
3 Share capital
Allotted called up and fully paid
2016
2015
£
£
100 Ordinary shares of £1.00 each
100
100
1 Ordinary A share of £1.00 each
1
1
1 Ordinary B share of £1.00 each
1
1
102
102
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