Betts And Faulkner Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07308461 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Betts And Faulkner Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R J Rogers

SECRETARY:

REGISTERED OFFICE:

24 Ripon Street

Aylesbury

Buckinghamshire

HP20 2JP

REGISTERED NUMBER:

07308461 (England and Wales)

CURRENT ASSETS

Stocks

185,927

Cash at bank

21

31

185,948

185,958

CREDITORS

Amounts falling due within one year

(42,685

)

(42,337

)

NET CURRENT ASSETS

143,263

143,621

TOTAL ASSETS LESS CURRENT
LIABILITIES

143,263

143,621

CAPITAL AND RESERVES

Called up share capital

2

200

Share premium

149,800

Profit and loss account

(6,737

)

(6,379

)

SHAREHOLDERS' FUNDS

143,263

143,621

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 25 April 2017 and were signed by:

R J Rogers - 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).

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.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

200

Ordinary

1

200