Abbreviated Company Accounts - BEYOND COLLECTION LIMITED

BEYOND COLLECTION LIMITED - Company Information

04504944 BEYOND COLLECTION LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 04504944 2015-09-01 2016-08-31 04504944 2016-08-31 04504944 2015-08-31 04504944 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 04504944 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 04504944

BEYOND COLLECTION LIMITED

Abbreviated Accounts

31 August 2016

BEYOND COLLECTION LIMITED Registered Number 04504944

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	362	483
		362	483
Current assets
Stocks		8,000	8,000
Debtors		1,062	5,510
Cash at bank and in hand		5,216	4,468
		14,278	17,978
Creditors: amounts falling due within one year		(14,135)	(28,825)
Net current assets (liabilities)		143	(10,847)
Total assets less current liabilities		505	(10,364)
Creditors: amounts falling due after more than one year		(70,321)	(89,338)
Total net assets (liabilities)		(69,816)	(99,702)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(69,817)	(99,703)
Shareholders' funds		(69,816)	(99,702)

For the year ending 31 August 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 May 2017

And signed on their behalf by:
E Guenedy, Director

BEYOND COLLECTION LIMITED Registered Number 04504944

Notes to the Abbreviated Accounts for the period ended 31 August 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 of women's clothing and accessories in the retail shop.

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 - 25% Reducing balance

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

Transactions with directors

At the year end E Guenedy was owed £70,321 (2015: £89,338) by the company.
No Dividends were paid during the year.

Stock
Stock is valued at the lower of cost and net realisable value.

Going concern
The directors have agreed and confirmed to support the company for at least 12 months from the date of signing these financial statements.

Reserves

Profit and loss
account Total
£ £
At 1 September 2015 (99,703) (99,703)
Profit for the year 29,886 29,886
At 31 August 2016 (69,817) (69,817)

2Tangible fixed assets

	£
Cost
At 1 September 2015	2,032
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	2,032
Depreciation
At 1 September 2015	1,549
Charge for the year	121
On disposals	-
At 31 August 2016	1,670
Net book values
At 31 August 2016	362
At 31 August 2015	483

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

	2016 £	2015 £
1 Ordinary share of £1 each	1	1