Abbreviated Company Accounts - BLUE DIAMOND TECHNOLOGIES LIMITED

Abbreviated Company Accounts - BLUE DIAMOND TECHNOLOGIES LIMITED

BLUE DIAMOND TECHNOLOGIES LIMITED - Company Information

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Registered Number 01373341

BLUE DIAMOND TECHNOLOGIES LIMITED

Abbreviated Accounts

31 October 2016

BLUE DIAMOND TECHNOLOGIES LIMITED Registered Number 01373341

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 286,316 160,207
Investments 3 728,333 728,333
1,014,649 888,540
Current assets
Stocks 1,158,030 1,100,792
Debtors 1,375,094 1,522,022
Cash at bank and in hand 623,143 1,320,028
3,156,267 3,942,842
Creditors: amounts falling due within one year (778,165) (737,301)
Net current assets (liabilities) 2,378,102 3,205,541
Total assets less current liabilities 3,392,751 4,094,081
Accruals and deferred income (35,000) (6,300)
Total net assets (liabilities) 3,357,751 4,087,781
Capital and reserves
Called up share capital 6,666 6,666
Other reserves 3,334 3,334
Profit and loss account 3,347,751 4,077,781
Shareholders' funds 3,357,751 4,087,781
  • For the year ending 31 October 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 13 June 2017

And signed on their behalf by:
RJ Worley, Director

BLUE DIAMOND TECHNOLOGIES LIMITED Registered Number 01373341

Notes to the Abbreviated Accounts for the period ended 31 October 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
Patents and trade marks - 15 Years
Motor vehicles - 25% reducing balance
Motor vehicles on finance lease - over lease term
Tenant improvements - 20% straight line
Plant and equipment - 20% straight line
Computer equipment - 33 1/3% straight line

2Tangible fixed assets
£
Cost
At 1 November 2015 375,502
Additions 168,199
Disposals -
Revaluations -
Transfers -
At 31 October 2016 543,701
Depreciation
At 1 November 2015 215,295
Charge for the year 42,090
On disposals -
At 31 October 2016 257,385
Net book values
At 31 October 2016 286,316
At 31 October 2015 160,207

3Fixed assets Investments
Shares in group undertaking