Abbreviated Company Accounts - UK BULLION LIMITED

UK BULLION LIMITED - Company Information

04470288 UK BULLION LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 04470288 2015-07-01 2016-06-30 04470288 2016-06-30 04470288 2015-06-30 04470288 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 04470288 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 04470288

UK BULLION LIMITED

Abbreviated Accounts

30 June 2016

UK BULLION LIMITED Registered Number 04470288

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	28,983	27,323
		28,983	27,323
Current assets
Stocks		317,144	220,239
Debtors		375,474	389,019
Cash at bank and in hand		67,804	28,953
		760,422	638,211
Creditors: amounts falling due within one year		(278,724)	(240,518)
Net current assets (liabilities)		481,698	397,693
Total assets less current liabilities		510,681	425,016
Provisions for liabilities		(4,860)	(5,037)
Total net assets (liabilities)		505,821	419,979
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		505,820	419,978
Shareholders' funds		505,821	419,979

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 27 March 2017

And signed on their behalf by:
M JOICEY, Director

UK BULLION LIMITED Registered Number 04470288

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.

Turnover policy
Turnover represents the total invoice value,excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings
and Equipment - 15% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 July 2015	89,198
Additions	6,257
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2016	95,455
Depreciation
At 1 July 2015	61,875
Charge for the year	4,597
On disposals	-
At 30 June 2016	66,472
Net book values
At 30 June 2016	28,983
At 30 June 2015	27,323

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1