Abbreviated Company Accounts - BELLIS BROTHERS LIMITED

Abbreviated Company Accounts - BELLIS BROTHERS LIMITED

BELLIS BROTHERS LIMITED - Company Information

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Registered Number 00100274

BELLIS BROTHERS LIMITED

Abbreviated Accounts

31 March 2015

BELLIS BROTHERS LIMITED Registered Number 00100274

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 2,610,613 2,615,163
Investments 3 1 1
2,610,614 2,615,164
Current assets
Stocks 320,091 338,546
Debtors 12,901 7,543
Cash at bank and in hand 224,454 8,167
557,446 354,256
Creditors: amounts falling due within one year (318,669) (280,381)
Net current assets (liabilities) 238,777 73,875
Total assets less current liabilities 2,849,391 2,689,039
Provisions for liabilities (15,737) (18,086)
Total net assets (liabilities) 2,833,654 2,670,953
Capital and reserves
Called up share capital 4 11,582 11,582
Other reserves 8,418 8,418
Profit and loss account 2,813,654 2,650,953
Shareholders' funds 2,833,654 2,670,953
  • 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 22 December 2015

And signed on their behalf by:
E J Bellis-Marks, Director

BELLIS BROTHERS LIMITED Registered Number 00100274

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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over it's estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance

Land is not depreciated. Buildings are maintained to ensure that their value does not diminish over time. The maintenance costs are charged to the profit and loss account in the year incurred. In the director's opinion depreciation would be immaterial and has not been charged.

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

2Tangible fixed assets
£
Cost
At 1 April 2014 3,283,381
Additions 24,102
Disposals -
Revaluations -
Transfers -
At 31 March 2015 3,307,483
Depreciation
At 1 April 2014 668,218
Charge for the year 28,652
On disposals -
At 31 March 2015 696,870
Net book values
At 31 March 2015 2,610,613
At 31 March 2014 2,615,163

3Fixed assets Investments
The fixed asset investment is an investment in Bellis Brothers Lettings Ltd

4Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
11,582 Ordinary shares of £1 each 11,582 11,582