Abbreviated Company Accounts - BEACONVALE DEVELOPMENTS LIMITED

BEACONVALE DEVELOPMENTS LIMITED - Company Information

Registered Number 03127909

BEACONVALE DEVELOPMENTS LIMITED

Abbreviated Accounts

30 November 2016

BEACONVALE DEVELOPMENTS LIMITED Registered Number 03127909

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	118,649	51,270
		118,649	51,270
Current assets
Stocks		535,789	626,351
Debtors		19,246	18,849
Cash at bank and in hand		462,487	406,576
		1,017,522	1,051,776
Creditors: amounts falling due within one year		(162,815)	(226,383)
Net current assets (liabilities)		854,707	825,393
Total assets less current liabilities		973,356	876,663
Provisions for liabilities		(22,543)	(10,254)
Total net assets (liabilities)		950,813	866,409
Capital and reserves
Called up share capital		155,000	155,000
Profit and loss account		795,813	711,409
Shareholders' funds		950,813	866,409

For the year ending 30 November 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 21 March 2017

And signed on their behalf by:
P A WALL, Director

BEACONVALE DEVELOPMENTS LIMITED Registered Number 03127909

Notes to the Abbreviated Accounts for the period ended 30 November 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.

Tangible assets depreciation policy
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
Depreciation is provided at rates calculated to write off the costs of fixed assets, less their estimated residual value, over their expected useful lives using the following rates:-

Motor vehicles 25% straight line
Plant and equipment 25% straight line
Office equipment 20% straight line

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Other accounting policies
Hire purchase and leasing
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis.
Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

Pension contributions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets

	£
Cost
At 1 December 2015	166,915
Additions	78,950
Disposals	(31,500)
Revaluations	-
Transfers	-
At 30 November 2016	214,365
Depreciation
At 1 December 2015	115,645
Charge for the year	11,571
On disposals	(31,500)
At 30 November 2016	95,716
Net book values
At 30 November 2016	118,649
At 30 November 2015	51,270