Blue Ridge Designs Limited - Period Ending 2016-03-31

Registration number: 05732243

Blue Ridge Designs Limited
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 31 March 2016
 

Manningtons Ltd
39 High Street
Battle
East Sussex
TN33 0EE

Blue Ridge Designs Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Blue Ridge Designs Limited
(Registration number: 05732243)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					427			263
Current assets
Debtors					54,012			30,931
Cash at bank and in hand					-			8,163
					54,012			39,094
Creditors: Amounts falling due within one year					(42,000)			(32,006)
Net current assets					12,012			7,088
Total assets less current liabilities					12,439			7,351
Creditors: Amounts falling due after more than one year					(11,896)			(7,050)
Net assets					543			301
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					542			300
Shareholders' funds					543			301

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 director acknowledges his 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 director on 30 December 2016

.........................................
Mervyn Spates
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Blue Ridge Designs Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

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

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% reducing balance basis

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Blue Ridge Designs Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		3,204			3,204
Additions		307			307
At 31 March 2016		3,511			3,511
Depreciation
At 1 April 2015		2,941			2,941
Charge for the year		143			143
At 31 March 2016		3,084			3,084
Net book value
At 31 March 2016		427			427
At 31 March 2015		263			263

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 3