Blue Planet Networking Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04310026

Abbreviated Unaudited Accounts for the Year Ended 31 October 2016

for

Blue Planet Networking Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P B Crookes

SECRETARY:

REGISTERED OFFICE:

The Springboard Centre

Mantle Lane

Coalville

Leics

LE67 3DW

REGISTERED NUMBER:

04310026

ACCOUNTANTS:

Ripplewave Ltd

Chartered Certified Accountants

Temple Chambers

16A Belvoir Road

Coalville

Leics

LE67 3QE

FIXED ASSETS

Tangible assets

2

12,980

10,987

CURRENT ASSETS

Stocks

2,195

2,420

Debtors

12,751

48,856

Cash at bank and in hand

44,585

38,127

59,531

89,403

CREDITORS

Amounts falling due within one
year

60,365

98,622

NET CURRENT LIABILITIES

(834

)

(9,219

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,146

1,768

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

12,144

1,766

SHAREHOLDERS' FUNDS

12,146

1,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial
year in accordance with the requirements of Sections 394 and 395 and which otherwise
comply with the requirements of the Companies Act 2006 relating to financial statements,
so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 4 March 2017 and were signed by:

P B Crookes - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

15% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but

not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

32,427

Additions

4,504

At 31 October 2016

36,931

DEPRECIATION

At 1 November 2015

21,440

Charge for year

2,511

At 31 October 2016

23,951

NET BOOK VALUE

At 31 October 2016

12,980

At 31 October 2015

10,987

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

1

2