Micro-entity Accounts - BETTZ INVESTMENT AND MANAGEMENT LIMITED

BETTZ INVESTMENT AND MANAGEMENT LIMITED - Company Information

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Registered Number 07311551

BETTZ INVESTMENT AND MANAGEMENT LIMITED

Micro-entity Accounts

31 May 2017

BETTZ INVESTMENT AND MANAGEMENT LIMITED Registered Number 07311551

Micro-entity Balance Sheet as at 31 May 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	343,173	343,173
Investments		25,134	25,134
		368,307	368,307
Current assets
Debtors		23,945	69,345
Cash at bank and in hand		65,456	7,093
		89,401	76,438
Creditors: amounts falling due within one year		(228,505)	(218,172)
Net current assets (liabilities)		(139,104)	(141,734)
Total assets less current liabilities		229,203	226,573
Total net assets (liabilities)		229,203	226,573
Capital and reserves
Called up share capital	2	1,000	1,000
Profit and loss account		228,203	225,573
Shareholders' funds		229,203	226,573

For the year ending 31 May 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 September 2017

And signed on their behalf by:
C J S Betts, Director

BETTZ INVESTMENT AND MANAGEMENT LIMITED Registered Number 07311551

Notes to the Micro-entity Accounts for the period ended 31 May 2017

1Tangible fixed assets

	£
Cost
At 1 June 2016	343,173
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2017	343,173
Depreciation
At 1 June 2016	-
Charge for the year	-
On disposals	-
At 31 May 2017	-
Net book values
At 31 May 2017	343,173
At 31 May 2016	343,173

2Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
1,000 Ordinary shares of £1 each	1,000	1,000

3Accounting Policies

Basis of measurement and preparation of accounts
Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and Include the results of the Company's operations which are described in the Director’s Report and all of which are continuing.

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the
grounds that it is a small Company.

Turnover

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

Tangible/Intangible Fixed Assets and Depreciation

Fixed assets are stated at cost less depreciation.

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 bases:

Fixtures and Fittings 10% Straight Line Basis.

All Freehold Properties are stated at Cost / Valuation.

Deferred Taxation

No provision is necessary

Investments

Fixed Assets Investments are stated at cost less provision for diminution in value.