B M Enterprises (Swansea) Limited,Ltd - Accounts

BM ENTERPRISES (SWANSEA) LIMITED - Company Information

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B M Enterprises (Swansea) Limited

For the year ended 28 May 2016

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 07631383

Contents Page

B M Enterprises (Swansea) Limited

For the year ended 28 May 2016

Balance Sheet

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Notes to the Abbreviated Financial Statements

Abbreviated Balance Sheet

B M Enterprises (Swansea) Limited

As at 28 May 2016

07631383

Registered Number :

2016

Notes

2015

Fixed assets

Intangible assets

500

Tangible assets

44,380

34,938

44,880

35,438

Current assets

Debtors

40,761

141,466

Cash at bank and in hand

2,488

(373)

143,954

40,388

Creditors: amounts falling due within one year

(71,700)

(185,514)

(31,312)

(41,560)

Net current liabilities

Total assets less current liabilities

3,320

4,126

3,320

Net assets

4,126

Capital and reserves

Called up share capital

100

Profit and loss account

3,220

4,026

3,320

4,126

Shareholders funds

For the year ended 28 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) 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.

Date approved by the board: 22 May 2017

Mr B Nunes Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

B M Enterprises (Swansea) Limited

For the year ended 28 May 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Goodwill

Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the

estimated expected useful economic life of the goodwill of 0 years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

2 Intangible fixed assets

Cost or valuation

Intangible

fixed assets

At 29 May 2015

500

At 28 May 2016

500

Net Book Values

At 28 May 2016

500

At 28 May 2015

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Notes to the Abbreviated Financial Statements

B M Enterprises (Swansea) Limited

For the year ended 28 May 2016

3 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

51,587

At 29 May 2015

18,578

Additions

At 28 May 2016

70,165

Depreciation

16,649

At 29 May 2015

9,136

Charge for year

25,785

At 28 May 2016

Net book values

At 28 May 2016

44,380

34,938

At 28 May 2015

4 Share capital

Allotted called up and fully paid

2016

2015

100 Class A shares of £1.00 each

100

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