Beeline Installation & Maintenance Ltd Small abbreviated accounts

Beeline Installation & Maintenance Ltd Small abbreviated accounts

BEELINE INSTALLATION & MAINTENANCE LIMITED - Company Information

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FY Private Limited Company Company accounts 2016-12-21 2016-12-21 false true false false false false false false false false false false true true 2015-04-01 true xbrli:pure xbrli:shares iso4217:GBP 03485767 2015-04-01 2016-03-31 03485767 2016-03-31 03485767 2015-03-31 03485767 2015-03-31 03485767 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 03485767 uk-gaap:MotorVehicles 2015-04-01 2016-03-31 03485767 uk-gaap:OfficeEquipment 2015-04-01 2016-03-31 03485767 uk-bus:EntityAccountantsOrAuditors uk-bus:PrincipalAgent 2015-04-01 2016-03-31 03485767 uk-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 03485767 uk-bus:Director2 2015-04-01 2016-03-31 03485767 uk-gaap:AllSubsidiaries 2015-04-01 2016-03-31 03485767 uk-bus:OrdinaryShareClass1 2016-03-31 03485767 uk-bus:OrdinaryShareClass1 2015-03-31 03485767 uk-lang:English 2015-04-01 2016-03-31 03485767 uk-curr:PoundSterling 2015-04-01 2016-03-31
COMPANY REGISTRATION NUMBER 03485767
BEELINE INSTALLATION & MAINTENANCE LTD
ABBREVIATED ACCOUNTS
31 March 2016
JONES THORNE LIMITED
Chartered Certified Accountants
The Masters House,
92a Arundel Street,
Sheffield
Yorkshire
S1 4RE
BEELINE INSTALLATION & MAINTENANCE LTD
ABBREVIATED BALANCE SHEET
31 March 2016
2016
2015
Note
£
£
£
FIXED ASSETS
1
Tangible assets
6,428
8,461
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CURRENT ASSETS
Stocks
430
500
Debtors
6,937
2,933
Cash at bank and in hand
1,184
3,821
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8,551
7,254
CREDITORS: Amounts falling due within one year
5,191
4,332
-------
-------
NET CURRENT ASSETS
3,360
2,922
-------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
9,788
11,383
CREDITORS: Amounts falling due after more than one year
8,442
4,935
PROVISIONS FOR LIABILITIES
1,285
-
-------
---------
61
6,448
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---------
CAPITAL AND RESERVES
Called up equity share capital
2
2
2
Profit and loss account
59
6,446
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SHAREHOLDERS' FUNDS
61
6,448
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For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
These abbreviated accounts were approved by the directors and authorised for issue on 16 December 2016 , and are signed on their behalf by:
Mr A. Watson
Company Registration Number: 03485767
BEELINE INSTALLATION & MAINTENANCE LTD
ACCOUNTING POLICIES
YEAR ENDED 31 MARCH 2016
Basis of accounting
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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Fixed assets
All fixed assets are initially recorded at cost .
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & Machinery-15% reducing balance
Motor Vehicles-25% reducing balance
Equipment-15% 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.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
BEELINE INSTALLATION & MAINTENANCE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
YEAR ENDED 31 MARCH 2016
1. FIXED ASSETS
Tangible Assets
£
COST
At 1 April 2015 and 31 March 2016
13,512
---------
DEPRECIATION
At 1 April 2015
5,051
Charge for year
2,033
---------
At 31 March 2016
7,084
---------
NET BOOK VALUE
At 31 March 2016
6,428
-------
At 31 March 2015
8,461
-------
2. SHARE CAPITAL
Allotted, called up and fully paid:
2016
2015
No
£
No
£
Ordinary shares of £ 1 each
2
2
2
2
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