Abbreviated Company Accounts - BRADFORD CAMERA EXCHANGE CO.LIMITED

BRADFORD CAMERA EXCHANGE CO.LIMITED - Company Information

Registered Number 00327339

BRADFORD CAMERA EXCHANGE CO.LIMITED

Abbreviated Accounts

31 March 2016

BRADFORD CAMERA EXCHANGE CO.LIMITED Registered Number 00327339

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	23,049	26,967
		23,049	26,967
Current assets
Stocks		70,752	80,479
Debtors		22,996	21,119
Cash at bank and in hand		43,820	77,731
		137,568	179,329
Creditors: amounts falling due within one year		(98,351)	(74,202)
Net current assets (liabilities)		39,217	105,127
Total assets less current liabilities		62,266	132,094
Provisions for liabilities		(4,271)	(4,271)
Total net assets (liabilities)		57,995	127,823
Capital and reserves
Called up share capital		2,850	2,850
Share premium account		2,150	2,150
Profit and loss account		52,995	122,823
Shareholders' funds		57,995	127,823

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 7 December 2016

And signed on their behalf by:
J A K Greenwood, Director

BRADFORD CAMERA EXCHANGE CO.LIMITED Registered Number 00327339

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Short term Leasehold Property 15% Reducing balance
Motor vehicles 25% Straight line
Fixtures & fittings 15% Reducing balance
Office equipment 33% Straight line

2Tangible fixed assets

	£
Cost
At 1 April 2015	276,120
Additions	152
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	276,272
Depreciation
At 1 April 2015	249,153
Charge for the year	4,070
On disposals	-
At 31 March 2016	253,223
Net book values
At 31 March 2016	23,049
At 31 March 2015	26,967