Abbreviated Company Accounts - BOTLEY BYRNE LIMITED

Abbreviated Company Accounts - BOTLEY BYRNE LIMITED

BOTLEY BYRNE LIMITED - Company Information

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Registered Number 09030655

BOTLEY BYRNE LIMITED

Abbreviated Accounts

31 May 2016

BOTLEY BYRNE LIMITED Registered Number 09030655

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 372,000 496,000
Tangible assets 3 1,985 3,969
373,985 499,969
Current assets
Debtors 149,823 126,845
Cash at bank and in hand 4,988 11,929
154,811 138,774
Creditors: amounts falling due within one year (152,292) (321,589)
Net current assets (liabilities) 2,519 (182,815)
Total assets less current liabilities 376,504 317,154
Total net assets (liabilities) 376,504 317,154
Capital and reserves
Called up share capital 4 4 4
Profit and loss account 376,500 317,150
Shareholders' funds 376,504 317,154
  • 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.

Approved by the Board on 27 January 2017

And signed on their behalf by:
Mr M D Byrne, Director

BOTLEY BYRNE LIMITED Registered Number 09030655

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the Year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
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:
Office equipment - 3 years straight line

Intangible assets amortisation policy
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the identifiable assets and liabilities. It is amortised to the Profit and loss account over its estimated economic life.
Goodwill - 5 years straight line

2Intangible fixed assets
£
Cost
At 1 June 2015 620,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 620,000
Amortisation
At 1 June 2015 124,000
Charge for the year 124,000
On disposals -
At 31 May 2016 248,000
Net book values
At 31 May 2016 372,000
At 31 May 2015 496,000
3Tangible fixed assets
£
Cost
At 1 June 2015 5,953
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 5,953
Depreciation
At 1 June 2015 1,984
Charge for the year 1,984
On disposals -
At 31 May 2016 3,968
Net book values
At 31 May 2016 1,985
At 31 May 2015 3,969
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
1 A Ordinary share of £1 each 1 1
1 B Ordinary share of £1 each 1 1
1 C Ordinary share of £1 each 1 1
1 D Ordinary share of £1 each 1 1