Abbreviated Company Accounts - BIY LIMITED

Abbreviated Company Accounts - BIY LIMITED


Registered Number 07953543

BIY LIMITED

Abbreviated Accounts

31 March 2014

BIY LIMITED Registered Number 07953543

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 382 766
382 766
Current assets
Debtors 1,916 6,923
Cash at bank and in hand 2,718 4,580
4,634 11,503
Creditors: amounts falling due within one year (42,555) (49,312)
Net current assets (liabilities) (37,921) (37,809)
Total assets less current liabilities (37,539) (37,043)
Total net assets (liabilities) (37,539) (37,043)
Capital and reserves
Called up share capital 3 10 10
Profit and loss account (37,549) (37,053)
Shareholders' funds (37,539) (37,043)
  • For the year ending 31 March 2014 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 March 2014

And signed on their behalf by:
Mr D Shaw, Director

BIY LIMITED Registered Number 07953543

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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 value, net of value added tax and discounts, in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures, fittings and equipment - 33% straight line

Other accounting policies
Going Concern
The financial statements have been prepared on a going concern basis.

2Tangible fixed assets
£
Cost
At 1 April 2013 1,150
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 1,150
Depreciation
At 1 April 2013 384
Charge for the year 384
On disposals -
At 31 March 2014 768
Net book values
At 31 March 2014 382
At 31 March 2013 766
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
1,000 Ordinary shares of £0.01 each 10 10