ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

BLP CONTRACTS LIMITED - Company Information

Print Friendly Version

08682487 2015-05-01 false true 2016-04-302016-04-30 08682487 c:EntityAccountantsOrAuditors 2016-04-30 08682487 2015-05-01 2016-04-30 08682487 2016-04-30 08682487 2015-04-30 08682487 d:FixturesFittingsToolsEquipment 2015-05-01 2016-04-30 08682487 c:OrdinaryShareClass1 2016-04-30 08682487 c:OrdinaryShareClass1 2015-04-30 08682487 c:OrdinaryShareClass1 2015-05-01 2016-04-30 08682487 c:Director1 2015-05-01 2016-04-30 08682487 d:LandBuildings d:LongLeaseholdProperties 2015-05-01 2016-04-30 08682487 d:NetGoodwill 2015-05-01 2016-04-30 08682487 d:PatentsConcessionsLicencesTradeMarksSimilar 2015-05-01 2016-04-30 08682487 c:EntityAccountantsOrAuditors 2015-05-01 2016-04-30 xbrli:shares iso4217:GBP

Registered number: 08682487









BLP CONTRACTS LIMITED







UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016
 
BLP CONTRACTS LIMITED
 
 
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.
  
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BLP CONTRACTS LIMITED
FOR THE YEAR ENDED 30 APRIL 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BLP Contracts Limited for the year ended 30 April 2016 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 




This report is made solely to the Board of directors of BLP Contracts 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 financial statements of BLP Contracts Limited and state those matters that we have agreed to state to the Board of directors of BLP Contracts Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BLP Contracts Limited and its Board of directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that BLP Contracts Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and loss. You consider that BLP Contracts Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of BLP Contracts 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 financial statements.





Calculated Accountants
 
12 The Wharf
16 Bridge Street
Birmingham
B1 2JS

21 October 2016
Page 1
 
BLP CONTRACTS LIMITED
REGISTERED NUMBER: 08682487

ABBREVIATED BALANCE SHEET
AS AT 30 APRIL 2016

2016
2015
Note
£
£
£
£
 
FIXED ASSETS





 
Intangible assets
 
2
18,750

23,750
 
Tangible assets
 
3
306,462
1,564







325,212

25,314
 
CURRENT ASSETS





 
Stocks
3,800
-

 
Debtors
79,779
5,469

 
Cash at bank

16,613
-







 
100,192
5,469
 
CREDITORS: amounts falling due within one year
(529,336)
(35,503)
 
NET CURRENT LIABILITIES


(429,144)

(30,034)
 
TOTAL ASSETS LESS CURRENT LIABILITIES
 (103,932)

 (4,720)
  
CAPITAL AND RESERVES

 
Called up share capital
4
100
100
 
Profit and loss account
(104,032)
(4,820)
 
SHAREHOLDERS' DEFICIT
 

 (103,932)

 (4,720)


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 April 2016 and of its loss for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 21 October 2016.





Robert Neil Symons
Director

The notes on pages 3 to 4 form part of these financial statements.

Page 2
 
BLP CONTRACTS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

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).

1.2
Going concern
The financial statements have been prepared under the going concern basis in the expectation that the director and shareholders will continue to support the company as necessary.

1.3
Cash flow

The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.4
Turnover

Turnover comprises revenue recognised by the company in respect of membership fees, goods and services supplied during the year, exclusive of Value Added Tax.

1.5
Intangible fixed assets and amortisation
Franchise fee is amortised to the Profit and Loss account over its useful economic life.
 

Amortisation is provided at the following rates:
 
Franchise fee
-
straightline over 5 years

1.6
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 of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Long-term leasehold property
-
straightline over the term of the lease
Plant & Machinery, Equipment , Fixtures and fittings
-
15 % reducing balance

1.7
Operating leases

Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

1.8
Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Page 3
 
BLP CONTRACTS LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2016

2.INTANGIBLE FIXED ASSETS



£


Cost



At 1 May 2015 and 30 April 2016

25,000

Amortisation


At 1 May 2015
1,250

Charge for the year
5,000


At 30 April 2016

6,250




Net book value


At 30 April 2016
 18,750


At 30 April 2015

 23,750


3.TANGIBLE FIXED ASSETS



£


Cost 


At 1 May 2015
1,584

Additions
330,464


At 30 April 2016

332,048



Depreciation


At 1 May 2015
20

Charge for the year
25,566


At 30 April 2016

25,586




Net book value


At 30 April 2016
 306,462


At 30 April 2015

 1,564


4.SHARE CAPITAL
        2016
        2015
        £

        £

Allotted, called up and fully paid



100 Ordinary shares of £1 each
 100
 100

Page 4