ASA BFB Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07268836 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2016

for

ASA BFB Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S Butterfield

Ms J Farr

A Butterfield

SECRETARY:

S Butterfield

REGISTERED OFFICE:

10 Bewdley Street

Islington

London

N1 1HB

REGISTERED NUMBER:

07268836 (England and Wales)

ACCOUNTANTS:

Clay & Associates Ltd

Clay Barn

Ipsley Court

Berrington Close

Redditch

Worcestershire

B98 0TD

FIXED ASSETS

Tangible assets

2

3,659

137

CURRENT ASSETS

Debtors

-

118,620

Investments

20,006

209,598

Cash at bank

73,014

3,998

93,020

332,216

CREDITORS

Amounts falling due within one year

20,463

216,043

NET CURRENT ASSETS

72,557

116,173

TOTAL ASSETS LESS CURRENT LIABILITIES

76,216

116,310

CAPITAL AND RESERVES

Called up share capital

3

4

Revaluation reserve

1,105

17,579

Profit and loss account

75,107

98,727

SHAREHOLDERS' FUNDS

76,216

116,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 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 have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 January 2017 and were signed on its behalf
by:

A Butterfield - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 20% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investments

Investments are disclosed at market value, as determined by Bordier & Cie (UK) PLC.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

4,074

Additions

5,222

At 30 June 2016

9,296

DEPRECIATION

At 1 July 2015

3,937

Charge for year

1,700

At 30 June 2016

5,637

NET BOOK VALUE

At 30 June 2016

3,659

At 30 June 2015

137

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

A Ordinary

£1

1

B Ordinary

£1

1

2

Ordinary

£1

2

4

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from a director subsisted during the years ended 30 June 2016 and 30 June

2015:

2016

2015

£

A Butterfield

Balance outstanding at start of year

190,685

153,808

Amounts advanced

41,799

37,366

Amounts repaid

(214,497

)

(489

)

Balance outstanding at end of year

17,987

190,685