Company Registration No. 07623179 (England and Wales)
BISSELL METAL POLISHING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
BISSELL METAL POLISHING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BISSELL METAL POLISHING LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
12,015
14,766
Current assets
Stocks
450
450
Debtors
74,997
36,016
Cash at bank and in hand
6,259
8,288
81,706
44,754
Creditors: amounts falling due within one year
(75,586)
(52,402)
Net current assets/(liabilities)
6,120
(7,648)
Total assets less current liabilities
18,135
7,118
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
18,035
7,018
Shareholders' funds
18,135
7,118
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 for issue on 8 February 2017
Mr P S Billing
Director
Company Registration No. 07623179
BISSELL METAL POLISHING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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:
Plant and machinery
15% reducing balance
Computer equipment
Straight line over 3 years
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2015
29,419
Additions
225
At 31 May 2016
29,644
Depreciation
At 1 June 2015
14,653
Charge for the year
2,976
At 31 May 2016
17,629
Net book value
At 31 May 2016
12,015
At 31 May 2015
14,766
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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