BMH Imports Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04246611 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

FOR

BMH IMPORTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

O J P Brocklehurst

A J Marshall

REGISTERED OFFICE:

Unit 11

Blackwell Business Park

Blackwell

Shipston-on-Stour

Warwickshire

CV36 4PE

REGISTERED NUMBER:

04246611 (England and Wales)

ACCOUNTANTS:

Cooke Watts & Co Ltd

Vectis House

Banbury Street

Kineton

Warwickshire

CV35 OJS

FIXED ASSETS

Tangible assets

2

33,978

22,176

CURRENT ASSETS

Stocks

132,932

116,121

Debtors

21,885

16,107

Cash at bank and in hand

35,022

41,906

189,839

174,134

CREDITORS

Amounts falling due within one year

34,186

22,883

NET CURRENT ASSETS

155,653

151,251

TOTAL ASSETS LESS CURRENT LIABILITIES

189,631

173,427

CREDITORS

Amounts falling due after more than one year

(14,525

)

-

PROVISIONS FOR LIABILITIES

-

(3,926

)

NET ASSETS

175,106

169,501

CAPITAL AND RESERVES

Called up share capital

3

300

300

Share premium

24,900

24,900

Capital redemption reserve

8,000

8,000

Profit and loss account

141,906

136,301

SHAREHOLDERS' FUNDS

175,106

169,501

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 19 June 2017 and were signed on its behalf by:

O J P Brocklehurst - Director

A J Marshall - 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.

Land and buildings

-

25% on reducing balance

Plant and machinery etc

-

25% on reducing balance

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.

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 December 2015

74,656

Additions

25,199

Disposals

(31,685

)

At 30 November 2016

68,170

DEPRECIATION

At 1 December 2015

52,480

Charge for year

11,327

Eliminated on disposal

(29,615

)

At 30 November 2016

34,192

NET BOOK VALUE

At 30 November 2016

33,978

At 30 November 2015

22,176

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

500

'A' Class Ordinary Shares

£1

200

200

100

'B' Class Ordinary Shares

£1

100

100

300

300

4.	PURCHASE OF OWN SHARES