Abbreviated Company Accounts - BARKING DEVELOPMENTS COMPANY LIMITED

BARKING DEVELOPMENTS COMPANY LIMITED - Company Information

Registered Number 00296759

BARKING DEVELOPMENTS COMPANY LIMITED

Abbreviated Accounts

31 March 2014

BARKING DEVELOPMENTS COMPANY LIMITED Registered Number 00296759

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	746	860
Investments	3	67,000	67,000
		67,746	67,860
Current assets
Stocks		450	450
Debtors		1,041	1,017
Cash at bank and in hand		101,186	103,814
		102,677	105,281
Creditors: amounts falling due within one year		(8,376)	(8,676)
Net current assets (liabilities)		94,301	96,605
Total assets less current liabilities		162,047	164,465
Total net assets (liabilities)		162,047	164,465
Capital and reserves
Called up share capital		5,000	5,000
Share premium account		375	375
Other reserves		2,408	2,408
Profit and loss account		154,264	156,682
Shareholders' funds		162,047	164,465

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 23 December 2014

And signed on their behalf by:
P R Sanders-Hewett, Director

BARKING DEVELOPMENTS COMPANY LIMITED Registered Number 00296759

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 comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business

Tangible assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:
Plant and equipment - 20% reducing balance
Motor vehicles - 25% reducing value
Fixtures & fittings - 10% reducing value
Equipment - 15% reducing value

Valuation information and policy
Stocks are stated at the lower of cost or net realisable value

2Tangible fixed assets

	£
Cost
At 1 April 2013	44,821
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	44,821
Depreciation
At 1 April 2013	43,961
Charge for the year	114
On disposals	-
At 31 March 2014	44,075
Net book values
At 31 March 2014	746
At 31 March 2013	860

3Fixed assets Investments
Investments are stated at historical cost less provision for any diminution in value