Company Registration No. 04382278 (England and Wales)
BESTLITE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
BESTLITE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BESTLITE LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,043
1,333
Current assets
Debtors
37,905
37,177
Cash at bank and in hand
-
792
37,905
37,969
Creditors: amounts falling due within one year
(22,506)
(24,416)
Net current assets
15,399
13,553
Total assets less current liabilities
17,442
14,886
Provisions for liabilities
(100)
(100)
17,342
14,786
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
17,242
14,686
Shareholders' funds
17,342
14,786
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.
Directors' 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 directors acknowledge their 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 23 December 2016
Mr S D Woodward
Director
Company Registration No. 04382278
BESTLITE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
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 goods and 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
20% reducing balance
Computer equipment
20% reducing balance
Fixtures, fittings & equipment
20% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
19,962
Additions
937
At 31 March 2016
20,899
Depreciation
At 1 April 2015
18,629
Charge for the year
227
At 31 March 2016
18,856
Net book value
At 31 March 2016
2,043
At 31 March 2015
1,333
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
2016-03-312015-04-01falsetruetruetruetruetruetmpEF2C.html2016-12-23043822782015-04-012016-03-31043822782016-03-31043822782015-03-31043822782015-03-3104382278uk-bus:CompanySecretaryDirector2015-04-012016-03-3104382278uk-gaap:PlantMachinery2015-04-012016-03-3104382278uk-gaap:ComputerEquipment2015-04-012016-03-3104382278uk-gaap:FixturesFittingsToolsEquipment2015-04-012016-03-3104382278uk-bus:OrdinaryShareClass12015-04-012016-03-3104382278uk-bus:OrdinaryShareClass12016-03-3104382278uk-bus:OrdinaryShareClass12015-03-31xbrli:purexbrli:sharesiso4217:GBP
