Borneo Research Consultants Limited - Period Ending 2014-03-31

Registration number: 01291280

Borneo Research Consultants Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Sobell Rhodes LLP
Chartered Accountants
Monument House
1st Floor
215 Marsh Road
Pinner
Middlesex
HA5 5NE

Borneo Research Consultants Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Borneo Research Consultants Limited
(Registration number: 01291280)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			670,935			678,915
Current assets
Debtors					202,268			255,194
Cash at bank and in hand					33,765			19,683
					236,033			274,877
Creditors: Amounts falling due within one year					(228,639)			(246,834)
Net current assets					7,394			28,043
Total assets less current liabilities					678,329			706,958
Creditors: Amounts falling due after more than one year					(333,754)			(333,611)
Net assets					344,575			373,347
Capital and reserves
Called up share capital		3			1,080			1,080
Share premium account					18,620			18,620
Profit and loss account					324,875			353,647
Shareholders' funds					344,575			373,347

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 14 September 2014 and signed on its behalf by:

 J Q Phillipps
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Borneo Research Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold property	2% Straight line
Fixtures and fittings	25% Reducing balance
Motor vehicles	25% Reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Borneo Research Consultants Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		831,258			831,258
At 31 March 2014		831,258			831,258
Depreciation
At 1 April 2013		152,343			152,343
Charge for the year		7,980			7,980
At 31 March 2014		160,323			160,323
Net book value
At 31 March 2014		670,935			670,935
At 31 March 2013		678,915			678,915

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		1,080			1,080			1,080			1,080

4	Ultimate Parent Company

The ultimate parent company is Cashglow Limited, a company incorporated in England and Wales.

Page 3