BPAM Limited - Period Ending 2014-06-30

Registration number: 7662259

BPAM Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

A P Robinson LLP
Chartered Accountants
107 Cleethorpe Road
Grimsby
N E Lincolnshire
DN31 3ER

BPAM Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

  Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
  BPAM Limited
  for the Year Ended 30 June 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BPAM Limited for the year ended 30 June 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of BPAM Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of BPAM Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BPAM Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that BPAM Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BPAM Limited. You consider that BPAM Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of BPAM Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

A P Robinson LLP
Chartered Accountants
107 Cleethorpe Road
Grimsby
N E Lincolnshire
DN31 3ER

29 September 2014

Page 1

BPAM Limited
(Registration number: 7662259)
Abbreviated Balance Sheet at 30 June 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					21,305			9,038
Current assets
Stocks					7,505			2,230
Debtors					1,618			520
Cash at bank and in hand					74,530			65,528
					83,653			68,278
Creditors: Amounts falling due within one year					(51,453)			(56,761)
Net current assets					32,200			11,517
Net assets					53,505			20,555
Capital and reserves
Called up share capital		3			4			2
Profit and loss account					53,501			20,553
Shareholders' funds					53,505			20,555

For the year ending 30 June 2014 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 29 September 2014

.........................................
Mr A Brumfield
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

BPAM Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... 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 April 2008).

Turnover

Revenue from project management and consultancy services is recognised, net of VAT, as the services are performed.

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
Office equipment	15% on a reducing balance basis

Work in progress

Work in progress is calculated by determining the appropriate portion of post year end invoices relating to work being performed prior to the year end date.

Page 3

BPAM Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2013		9,953			9,953
Additions		24,022			24,022
Disposals		(8,465)			(8,465)
At 30 June 2014		25,510			25,510
Depreciation
At 1 July 2013		915			915
Charge for the year		4,319			4,319
Eliminated on disposals		(1,029)			(1,029)
At 30 June 2014		4,205			4,205
Net book value
At 30 June 2014		21,305			21,305
At 30 June 2013		9,038			9,038

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2
Ordinary A shares of £1 (2013 - £0.00) each		1			1			-			-
Ordinary B shares of £1 (2013 - £0.00) each		1			1			-			-
		4			4			2			2

Page 4