BETA_DISTRIBUTION_(SOUTH) - Accounts

BETA DISTRIBUTION (SOUTH) LTD - Company Information

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Company Registration No. 04312971 (England and Wales)

BETA DISTRIBUTION (SOUTH) LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

BETA DISTRIBUTION (SOUTH) LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BETA DISTRIBUTION (SOUTH) LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

237,711

145,459

Current assets

Debtors

513,530

263,707

Cash at bank and in hand

674,814

753,172

1,188,344

1,016,879

Creditors: amounts falling due within one year

(703,233)

(407,608)

Net current assets

485,111

609,271

Total assets less current liabilities

722,822

754,730

Creditors: amounts falling due after more than one year

(145,601)

(54,543)

Provisions for liabilities

(20,138)

(18,094)

557,083

682,093

Capital and reserves

Called up share capital

Profit and loss account

557,081

682,091

Shareholders' funds

557,083

682,093

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2016

Mr S Srdanovic

Director

Company Registration No. 04312971

BETA DISTRIBUTION (SOUTH) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% on the reducing balance basis

Fixtures, fittings & equipment

25% on the reducing balance basis

Motor vehicles

25% on the reducing balance basis

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their expected useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

BETA DISTRIBUTION (SOUTH) LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2015

429,145

Additions

171,490

At 31 March 2016

600,635

Depreciation

At 1 April 2015

283,687

Charge for the year

79,237

At 31 March 2016

362,924

Net book value

At 31 March 2016

237,711

At 31 March 2015

145,459

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Transactions with directors

At the balance sheet date included in other debtors is £61,275 (2014: £64,718) owed to the company by the director, Mr S.Srdanovic.