Company Registration No. 6981272 (England and Wales)
BBFAB LIMITED
Abbreviated unaudited accounts
for the year ended 31 March 2016
BBFAB LIMITED
Abbreviated Balance Sheet
as at 31 March 2016
Creditors: amounts falling due within one year
(12,163)
(11,629)
Net current liabilities
(12,163)
(11,629)
Net liabilities
(12,163)
(11,629)
Called up share capital
200
200
Profit and loss account
(12,363)
(11,829)
Total shareholders' funds
(12,163)
(11,629)
For the year ending 31 March 2016 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 21 December 2016
Fiona Sarno
Director
Company Registration No. 6981272
BBFAB LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line basis
2
Tangible fixed assets
Plant & machinery
Fixed assets held under finance leases or hire purchase contracts
£
£
Depreciation charged in year
-
68
BBFAB LIMITED
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
