BALLIOL ACCOUNTING LIMITED Accounts filed on 31-03-2014
BALLIOL ACCOUNTING LIMITED Accounts filed on 31-03-2014
BALLIOL ACCOUNTING LIMITED
Company Registration Number:
04466895 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st April 2013
End date: 31st March 2014
SUBMITTED
BALLIOL ACCOUNTING LIMITED
Company Information
for the Period Ended
31st March 2014
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BALLIOL ACCOUNTING LIMITED
Abbreviated Balance sheet
As at 31st March 2014
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2013 £ |
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| Current assets | |||
| Debtors: |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: |
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| Total net assets (liabilities): |
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The notes form part of these financial statements
BALLIOL ACCOUNTING LIMITED
Abbreviated Balance sheet
As at 31st March 2014
continued
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2013 £ |
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| Capital and reserves | |||
| Called up share capital: | 2 |
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| Profit and Loss account: |
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| Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Edward T Tudor
Status: Director
The notes form part of these financial statements
BALLIOL ACCOUNTING LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014
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1. Accounting policies
Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT Tangible fixed assets depreciation policy
order to write off each asset over its estimated useful life. Freehold buildings – 2% on cost or revalued amounts Plant and machinery – 15% on cost Fixtures and fittings – 10% on cost Motor vehicles – 25% on cost No depreciation is provided on freehold land Intangible fixed assets amortisation policy
write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable. Valuation information and policy
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Other accounting policies
in value. Such investments are classified as current assets when regarded as available for sale. Deferred taxation 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. Research and Development Expenditure on research and development is written off in the year in which it is incurred.