Bel-Ingle Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04624751 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Bel-Ingle Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G S Southgate

SECRETARY:

C W Southgate

REGISTERED OFFICE:

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

REGISTERED NUMBER:

04624751 (England and Wales)

ACCOUNTANTS:

The Mudd Partnership

Chartered Accountants

Lakeview House

4 Woodbrook Crescent

Billericay

Essex

CM12 0EQ

FIXED ASSETS

Intangible assets

2

27,000

30,000

Tangible assets

3

12,876

2,968

39,876

32,968

CURRENT ASSETS

Stocks

2,855

678

Debtors

4,141

5,174

Cash at bank

503

11,794

7,499

17,646

CREDITORS

Amounts falling due within one year

35,865

40,949

NET CURRENT LIABILITIES

(28,366

)

(23,303

)

TOTAL ASSETS LESS CURRENT LIABILITIES

11,510

9,665

PROVISIONS FOR LIABILITIES

2,413

396

NET ASSETS

9,097

9,269

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

8,997

9,169

SHAREHOLDERS' FUNDS

9,097

9,269

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 director acknowledges his 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 director on 21 January 2015 and were signed by:

G S Southgate - 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 sale and supply of goods and services, excluding VAT ( having regard to the

fulfilment of contractual obligations ).

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to to pay more tax at a future date, at the tax rates that are

expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax

liabilities are not discounted.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

60,000

AMORTISATION

At 1 April 2013

30,000

Amortisation for year

3,000

At 31 March 2014

33,000

NET BOOK VALUE

At 31 March 2014

27,000

At 31 March 2013

30,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

13,433

Additions

11,703

Disposals

(6,595

)

At 31 March 2014

18,541

DEPRECIATION

At 1 April 2013

10,465

Charge for year

915

Eliminated on disposal

(5,715

)

At 31 March 2014

5,665

NET BOOK VALUE

At 31 March 2014

12,876

At 31 March 2013

2,968

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

100

Ordinary

£1

100

100