Abbreviated Company Accounts - BIN GARDEN LTD

Abbreviated Company Accounts - BIN GARDEN LTD


Registered Number 04168746

BIN GARDEN LTD

Abbreviated Accounts

31 March 2016

BIN GARDEN LTD Registered Number 04168746

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Current assets
Stocks 45,946 37,488
Debtors 1,092 873
Cash at bank and in hand 2,148 1,047
49,186 39,408
Creditors: amounts falling due within one year (48,153) (39,137)
Net current assets (liabilities) 1,033 271
Total assets less current liabilities 1,033 271
Creditors: amounts falling due after more than one year (75,000) (70,000)
Total net assets (liabilities) (73,967) (69,729)
Capital and reserves
Called up share capital 2 2 2
Profit and loss account (73,969) (69,731)
Shareholders' funds (73,967) (69,729)
  • 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 30 December 2016

And signed on their behalf by:
N Staley, Director

BIN GARDEN LTD Registered Number 04168746

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

1Accounting Policies

Basis of measurement and preparation of accounts
The Financial Statements have been prepared under the historical cost convention and are in accordance with applicable UK Accounting Standards and the Financial Reporting Standard 102 Section 1A (Small Entities).

Turnover policy
Turnover represents amounts invoiced to customers during the period, excluding value added tax.

Valuation information and policy
Stock and Work in Progress

Stock is valued at the lower of cost or net realisable value.

Short term work in progress, contracts of less than 1 year, is valued at the lower of cost or net realisable value.

2Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
2 Ordinary shares of £1 each 2 2