Abbreviated Company Accounts - B & R PROJECTS LIMITED

B & R PROJECTS LIMITED - Company Information

Registered Number 09176854

B & R PROJECTS LIMITED

Abbreviated Accounts

30 June 2016

B & R PROJECTS LIMITED Registered Number 09176854

Abbreviated Balance Sheet as at 30 June 2016

	2016	2015
	£	£
Current assets
Stocks	452,086	-
Debtors	30,000	2,000
Cash at bank and in hand	118,437	-
	600,523	2,000
Creditors: amounts falling due within one year	(601,095)	0
Net current assets (liabilities)	(572)	2,000
Total assets less current liabilities	(572)	2,000
Total net assets (liabilities)	(572)	2,000
Capital and reserves
Called up share capital	2,000	2,000
Profit and loss account	(2,572)	0
Shareholders' funds	(572)	2,000

For the year ending 30 June 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 directors acknowledge their 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 Board on 31 March 2017

And signed on their behalf by:
A J Betteridge, Director

B & R PROJECTS LIMITED Registered Number 09176854

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Other accounting policies
Work in progress

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classified as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.