B&E Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05239929 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

B&E SERVICES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B J Lawrence

E W Lawrence

SECRETARY:

B J Lawrence

REGISTERED OFFICE:

Unit 8

Sawmills Yard

South Newton

Salisbury

SP2 0QW

REGISTERED NUMBER:

05239929 (England and Wales)

ACCOUNTANTS:

Fawcetts

Chartered Accountants

Windover House

St. Ann Street

Salisbury

SP1 2DR

FIXED ASSETS

Tangible assets

2

476,380

164,922

CURRENT ASSETS

Stocks

55,939

206,000

Debtors

690,198

523,496

Cash at bank and in hand

375,957

622,627

1,122,094

1,352,123

CREDITORS

Amounts falling due within one year

572,611

1,010,214

NET CURRENT ASSETS

549,483

341,909

TOTAL ASSETS LESS CURRENT LIABILITIES

1,025,863

506,831

CREDITORS

Amounts falling due after more than one year

(230,401

)

(62,593

)

PROVISIONS FOR LIABILITIES

(58,224

)

-

NET ASSETS

737,238

444,238

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

737,138

444,138

SHAREHOLDERS' FUNDS

737,238

444,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 26 June 2017 and were signed on its behalf by:

B J Lawrence - Director

E W Lawrence - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

at varying rates on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Expenditure on fixed assets is capitalised except for expenditure incurred on the replacement of assets of low

value with a short life. Repair, renovation and replacement expenditure is written off as expenditure in the

profit and loss account. The cost of fixed assets is their purchase cost, together with any incidental costs of

acquisition.

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

551,711

Additions

383,533

Disposals

(55,276

)

At 30 September 2016

879,968

DEPRECIATION

At 1 October 2015

386,789

Charge for year

67,527

Eliminated on disposal

(50,728

)

At 30 September 2016

403,588

NET BOOK VALUE

At 30 September 2016

476,380

At 30 September 2015

164,922

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

80

Ordinary 'A'

£1

80

80

20

Ordinary 'B'

£1

20

20

100

100