BEAUMONT_COLSON_LIMITED - Accounts

BEAUMONT COLSON LTD. - Company Information

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Company Registration No. 03224012 (England and Wales)

BEAUMONT COLSON LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2014

BEAUMONT COLSON LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BEAUMONT COLSON LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

33,818

21,169

Current assets

Stocks

606,656

374,382

Debtors

382,543

451,913

Cash at bank and in hand

807,967

215,590

1,797,166

1,041,885

Creditors: amounts falling due within one year

(924,323)

(580,043)

Net current assets

872,843

461,842

Total assets less current liabilities

906,661

483,011

Capital and reserves

Called up share capital

100

Profit and loss account

906,561

482,911

Shareholders' funds

906,661

483,011

For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 19 March 2015

Mr. G. Crosthwaite

Director

Company Registration No. 03224012

BEAUMONT COLSON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover and profits

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Cycles

20% on straight line

Fixtures, fittings & equipment

25% on reducing balance

1.4

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provision for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments on account.

Fixed assets

Tangible assets

Cost

At 1 August 2013

119,283

Additions

23,921

At 31 July 2014

143,204

Depreciation

At 1 August 2013

98,114

Charge for the year

11,272

At 31 July 2014

109,386

Net book value

At 31 July 2014

33,818

At 31 July 2013

21,169

BEAUMONT COLSON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100