BTB (2007) Limited - Period Ending 2016-05-31

BTB (2007) Limited
Abbreviated Balance Sheet
31 May 2016

 

Company Registration Number: 04471634

		Note			2016 £			2015 £
Fixed assets		2
Tangible fixed assets					14,065			14,945
Current assets
Debtors					27,453			45,368
Creditors: Amounts falling due within one year		3			(39,940)			(58,951)
Net current liabilities					(12,487)			(13,583)
Net assets					1,578			1,362
Capital and reserves
Called up share capital		4			1,000			1,000
Profit and loss account					578			362
Shareholders' funds					1,578			1,362

For the year ending 31 May 2016 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 directors acknowledge their 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 and in accordance with the Financial Reporting Standard for Smaller Entities (Effective 2015).

Approved by the Board on 3 February 2017
and signed on its behalf by:

T A Davies
Director

- 1 -

BTB (2007) Limited
Notes to the Abbreviated Accounts
Year Ended 31 May 2016

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 January 2015).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

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:

Fixtures and fittings

5% per annum straight line

Deferred tax

Deferred taxation is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from thoses in which they are included in the financial statements. Deffered tax assets are recognised when it is considered they will be recovered in the foreseeable future.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		17,645			17,645
At 31 May 2016		17,645			17,645
Depreciation
At 1 June 2015		2,700			2,700
Charge for the year		880			880
At 31 May 2016		3,580			3,580
Net book value
At 31 May 2016		14,065			14,065
At 31 May 2015		14,945			14,945

- 2 -

BTB (2007) Limited
Notes to the Abbreviated Accounts
Year Ended 31 May 2016

3

Creditors

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
A shares of £1 each		800			800			800			800
B shares of £1 each		100			100			100			100
C shares of £1 each		100			100			100			100
		1,000			1,000			1,000			1,000

- 3 -