B & B Civils Limited - Period Ending 2014-03-31

Registration number: 07573956

B & B Civils Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Moffatt & Co
Progress House
396 Wilmslow Road
Withington
Manchester
M20 3BN

B & B Civils Limited
(Registration number: 07573956)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					7,931			636
Current assets
Stocks					31,101			10,856
Debtors					27,848			28,548
Cash at bank and in hand					48,746			120,954
					107,695			160,358
Creditors: Amounts falling due within one year					(80,436)			(117,732)
Net current assets					27,259			42,626
Total assets less current liabilities					35,190			43,262
Creditors: Amounts falling due after more than one year					(8,333)			-
Provisions for liabilities					(1,586)			(127)
Net assets					25,271			43,135
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					25,171			43,035
Shareholders' funds					25,271			43,135

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The notes on pages 3 to 4 form an integral part of these financial statements.
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B & B Civils Limited
(Registration number: 07573956)
Abbreviated Balance Sheet at 31 March 2014
......... continued

Approved by the Board on 16 December 2014 and signed on its behalf by:

.........................................
Mr Bryan Lennon
Director

.........................................
Mr Bryn Shaw
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
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B & B Civils Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	25% Reducing Balance Basis
Motor Vehicles	25% Reducing Balance Basis

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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B & B Civils Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		1,134			1,134
Additions		9,940			9,940
At 31 March 2014		11,074			11,074
Depreciation
At 1 April 2013		498			498
Charge for the year		2,645			2,645
At 31 March 2014		3,143			3,143
Net book value
At 31 March 2014		7,931			7,931
At 31 March 2013		636			636

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2014 £			2013 £
Amounts falling due within one year		10,000			-
Amounts falling due after more than one year		8,333			-
Total secured creditors		18,333			-

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

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