Bournemark Limited - Period Ending 2016-11-30

Registration number: 4046346

Bournemark Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

TCS Business Management Limited
  Faveo House, 2 Somerville Court
  Banbury Business Park
  Adderbury
  Banbury
  Oxfordshire
  OX17 3SN

Bournemark Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Bournemark Limited
for the Year Ended 30 November 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bournemark Limited for the year ended 30 November 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Bournemark Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bournemark Limited and state those matters that we have agreed to state to them, as a body, in this report with the Board of Directors of Bournemark Limited. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bournemark Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bournemark Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Bournemark Limited. You consider that Bournemark Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bournemark Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

TCS Business Management Limited
Faveo House, 2 Somerville Court
Banbury Business Park
Adderbury
Banbury
Oxfordshire
OX17 3SN

2 March 2017

Page 1

Bournemark Limited
(Registration number: 4046346)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					21,727			25,234
Current assets
Stocks					69,890			134,424
Debtors					95,093			49,233
Cash at bank and in hand					64,722			64,086
					229,705			247,743
Creditors: Amounts falling due within one year					(28,014)			(44,147)
Net current assets					201,691			203,596
Net assets					223,418			228,830
Capital and reserves
Called up share capital		3			87,000			87,000
Other reserves					127,871			127,871
Profit and loss account					8,547			13,959
Shareholders' funds					223,418			228,830

For the year ending 30 November 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 director acknowledges his 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 director on 2 March 2017

.........................................
Mr Mark Baker
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Bournemark Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

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).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Franchise fee

The franchise fee is written off over the period of the franchise.

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:

Asset class	Depreciation method and rate
Leasehold property	Straight line 20%
Fixtures and fittings	Reducing balance 15%
Motor vehicles	Reducing balance 25%
Office equipment	Reducing balance 33%

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 3

Bournemark Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 December 2015		39,990			112,448			152,438
Additions		-			2,708			2,708
Disposals		-			(366)			(366)
At 30 November 2016		39,990			114,790			154,780
Depreciation
At 1 December 2015		39,990			87,214			127,204
Charge for the year		-			5,878			5,878
Eliminated on disposals		-			(29)			(29)
At 30 November 2016		39,990			93,063			133,053
Net book value
At 30 November 2016		-			21,727			21,727
At 30 November 2015		-			25,234			25,234

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		87,000			87,000			87,000			87,000

Page 4