Abbreviated Company Accounts - BARKING DEVELOPMENTS COMPANY LIMITED

BARKING DEVELOPMENTS COMPANY LIMITED - Company Information

Registered Number 00296759

BARKING DEVELOPMENTS COMPANY LIMITED

Abbreviated Accounts

31 March 2016

BARKING DEVELOPMENTS COMPANY LIMITED Registered Number 00296759

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	563	648
Investments	3	67,000	67,000
		67,563	67,648
Current assets
Stocks		450	450
Debtors		444	467
Cash at bank and in hand		96,251	98,854
		97,145	99,771
Creditors: amounts falling due within one year		(8,176)	(8,177)
Net current assets (liabilities)		88,969	91,594
Total assets less current liabilities		156,532	159,242
Total net assets (liabilities)		156,532	159,242
Capital and reserves
Called up share capital		5,000	5,000
Share premium account		375	375
Other reserves		2,408	2,408
Profit and loss account		148,749	151,459
Shareholders' funds		156,532	159,242

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 20 December 2016

And signed on their behalf by:
P R Sanders-Hewett, Director

BARKING DEVELOPMENTS COMPANY LIMITED Registered Number 00296759

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

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover policy
Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life;-
Plant and equipment - 20% reducing balance
Motor vehicles - 25% reducing balance
Fixtures & fittings - 10% reducing balance
Equipment - 15% reducing balance

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 April 2015	44,821
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	44,821
Depreciation
At 1 April 2015	44,173
Charge for the year	85
On disposals	-
At 31 March 2016	44,258
Net book values
At 31 March 2016	563
At 31 March 2015	648

3Fixed assets Investments
Fixed Asset investments are stated at historical cost less provision for any diminution of value