Abbreviated Company Accounts - BFT (GB) LTD

Abbreviated Company Accounts - BFT (GB) LTD


Registered Number 06153242

BFT (GB) LTD

Abbreviated Accounts

31 March 2015

BFT (GB) LTD Registered Number 06153242

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 217,567 190,140
217,567 190,140
Current assets
Debtors 101,788 60,181
Cash at bank and in hand 56,776 87,113
158,564 147,294
Creditors: amounts falling due within one year (135,952) (108,203)
Net current assets (liabilities) 22,612 39,091
Total assets less current liabilities 240,179 229,231
Provisions for liabilities (22,965) (3,794)
Total net assets (liabilities) 217,214 225,437
Capital and reserves
Called up share capital 3 2 2
Profit and loss account 217,212 225,435
Shareholders' funds 217,214 225,437
  • For the year ending 31 March 2015 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 25 September 2015

And signed on their behalf by:
JOHN BRENDAN SIDNEY DAVIES, Director
GARETH DAVIES, Director

BFT (GB) LTD Registered Number 06153242

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant & Machinery - 20 to 33.3% straight line
Fixtures, fittings & equipment - 25% straight line
Motor Vehicles - 25% straight line

Other accounting policies
1.4 Pensions - The pensions costs charged in the financial statements represent the contribution payable by the company during the year. The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees’ service lives on the basis of a constant percentage of earnings.
1.5 Deferred Taxation - Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold:
Provision is made for deferred tax that would arise on remittance of the retained earnings of overseas subsidiaries, associates and joint ventures only to the extent that, at the balance sheet date, dividends have been accrued as receivable:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on the undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 April 2014 713,903
Additions 160,697
Disposals -
Revaluations -
Transfers -
At 31 March 2015 874,600
Depreciation
At 1 April 2014 523,763
Charge for the year 133,270
On disposals -
At 31 March 2015 657,033
Net book values
At 31 March 2015 217,567
At 31 March 2014 190,140
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
2 Ordinary shares of £1 each 2 2