Badlands_Limited - Accounts

MONICA TOSTES DESIGN LIMITED - Company Information

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Badlands Limited

Unaudited Abbreviated Accounts

For the year ended 30 June 2016

Company Registration No. 06907061 (England and Wales)

Badlands Limited

Contents

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

Badlands Limited

Abbreviated Balance Sheet

As at 30 June 2016

Page 1

2016

2015

Notes

Fixed assets

Tangible assets

2,369

3,789

Current assets

Cash at bank and in hand

116,113

162,607

Creditors: amounts falling due within one year

(78,407)

(71,023)

Net current assets

37,706

91,584

Total assets less current liabilities

40,075

95,373

Capital and reserves

Called up share capital

100

Profit and loss account

39,975

95,273

Shareholders' funds

40,075

95,373

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit.

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 for issue on 10 March 2017

B Yates

Director

Company Registration No. 06907061

Badlands Limited

Notes to the Abbreviated Accounts

For the year ended 30 June 2016

Page 2

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:

Computer equipment

25% Straight Line

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

Fixed assets

Tangible assets

Cost

At 1 July 2015 & at 30 June 2016

5,682

Depreciation

At 1 July 2015

1,893

Charge for the year

1,420

At 30 June 2016

3,313

Net book value

At 30 June 2016

2,369

At 30 June 2015

3,789

Badlands Limited

Notes to the Abbreviated Accounts (Continued)

For the year ended 30 June 2016

Page 3

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Transactions with directors

Dividends to Directors

The following directors were paid dividends during the year as outlined in the table below:

2016

2015

B Yates

305,000

300,000

305,000

300,000

Other transactions

Included within other creditors is a balance of £9,058 (2015: £31,547) due to B Yates a director of the company.

During the year the company made sales of £419,000 (2015: £240,832) to Blink Limited a related party by virtue of common ownership.