Abbreviated Company Accounts - BUSINESS INITIATIVES BDS LIMITED

BUSINESS INITIATIVES BDS LIMITED - Company Information

Registered Number 05274097

BUSINESS INITIATIVES BDS LIMITED

Abbreviated Accounts

31 March 2014

BUSINESS INITIATIVES BDS LIMITED Registered Number 05274097

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	-	13,200
Tangible assets	3	3,131	4,043
		3,131	17,243
Current assets
Stocks		1,542	1,987
Debtors		-	759
		1,542	2,746
Creditors: amounts falling due within one year		(79,032)	(67,807)
Net current assets (liabilities)		(77,490)	(65,061)
Total assets less current liabilities		(74,359)	(47,818)
Total net assets (liabilities)		(74,359)	(47,818)
Capital and reserves
Called up share capital		2,000	2,000
Profit and loss account		(76,359)	(49,818)
Shareholders' funds		(74,359)	(47,818)

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 December 2014

And signed on their behalf by:
Carol Moss, Director
Adrian Moss, Director

BUSINESS INITIATIVES BDS LIMITED Registered Number 05274097

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.

Tangible assets depreciation policy
Depreciation is provide on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life as follows:-

Office Equipment 20% per annum reducing balance
Buildings & Plant 10% per annum on Cost

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets at rates calculated to write of the cost or valuation, less estimated residual value of each asset over its expected
useful life as follows

Franchaise 5 Year Licence to Trade Fee 20% pa

2Intangible fixed assets

	£
Cost
At 1 April 2013	33,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	33,000
Amortisation
At 1 April 2013	19,800
Charge for the year	13,200
On disposals	-
At 31 March 2014	33,000
Net book values
At 31 March 2014	0
At 31 March 2013	13,200

This intangible assest was for a franchaise fee. The balance of this assets was totally written off this year as the franchaise was terminated

3Tangible fixed assets

	£
Cost
At 1 April 2013	13,116
Additions	0
Disposals	0
Revaluations	-
Transfers	-
At 31 March 2014	13,116
Depreciation
At 1 April 2013	9,073
Charge for the year	912
On disposals	-
At 31 March 2014	9,985
Net book values
At 31 March 2014	3,131
At 31 March 2013	4,043