BMS (Contractors) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02842571 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

BMS (CONTRACTORS) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr R Maclean

Mr J Maclean

SECRETARY:

Mr J Maclean

REGISTERED OFFICE:

34 The Avenue

Wembley Park

Middlesex

HA9 9QJ

REGISTERED NUMBER:

02842571 (England and Wales)

ACCOUNTANTS:

Chapmans

Chartered Accountants

3 Coombe Road

London

NW10 0EB

FIXED ASSETS

Tangible assets

2

3,361

6,717

CURRENT ASSETS

Stocks

-

45,476

Debtors

76,518

63,995

Cash at bank

95,281

64,125

171,799

173,596

CREDITORS

Amounts falling due within one year

124,350

122,427

NET CURRENT ASSETS

47,449

51,169

TOTAL ASSETS LESS CURRENT LIABILITIES

50,810

57,886

CREDITORS

Amounts falling due after more than one year

-

2,809

NET ASSETS

50,810

55,077

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

50,800

55,067

SHAREHOLDERS' FUNDS

50,810

55,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 8 October 2014 and were signed on its behalf by:

Mr R Maclean - 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 April 2008).

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 cost

Plant and machinery etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

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 April 2013

and 31 March 2014

32,622

DEPRECIATION

At 1 April 2013

25,905

Charge for year

3,356

At 31 March 2014

29,261

NET BOOK VALUE

At 31 March 2014

3,361

At 31 March 2013

6,717

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10

Ordinary

£1

10

10

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2014 and

31 March 2013:

2014

2013

£

£

Mr R Maclean and Mr J Maclean

Balance outstanding at start of year

37,014

(3,438

)

Amounts advanced

46,921

80,452

Amounts repaid

(40,000

)

(40,000

)

Balance outstanding at end of year

43,935

37,014