BLACK_COUNTRY_LEGAL_CONSU - Accounts

BLACK COUNTRY LEGAL CONSULTANTS LIMITED - Company Information

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Company Registration No. 05561050 (England and Wales)

BLACK COUNTRY LEGAL CONSULTANTS LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

BLACK COUNTRY LEGAL CONSULTANTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BLACK COUNTRY LEGAL CONSULTANTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,333

184

Current assets

Debtors

66,102

10,973

Cash at bank and in hand

721

666

66,823

11,639

Creditors: amounts falling due within one year

(54,954)

(4,633)

Net current assets

11,869

7,006

Total assets less current liabilities

13,202

7,190

Provisions for liabilities

(267)

(37)

12,935

7,153

Capital and reserves

Called up share capital

100

Profit and loss account

12,835

7,053

Shareholders' funds

12,935

7,153

For the financial year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his 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 and authorised for issue on 23 October 2014

C V Fraser - Macnamara

Director

Company Registration No. 05561050

BLACK COUNTRY LEGAL CONSULTANTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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:

Fixtures, fittings & equipment

15% Reducing balance .

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 March 2013

210

Additions

1,295

At 28 February 2014

1,505

Depreciation

At 1 March 2013

Charge for the year

146

At 28 February 2014

172

Net book value

At 28 February 2014

1,333

At 28 February 2013

184

BLACK COUNTRY LEGAL CONSULTANTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

Related party relationships and transactions

Loans to directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

C V Fraser Macnamara

1,463

52,256

53,719

1,463

52,256

53,719

The above overdrawn loan account was repaid after date.