Abbreviated Company Accounts - B & S VENTURES LIMITED
Abbreviated Company Accounts - B & S VENTURES LIMITED
Registered Number SC149283
B & S VENTURES LIMITED
Abbreviated Accounts
28 November 2014
B & S VENTURES LIMITED Registered Number SC149283
Abbreviated Balance Sheet as at 28 November 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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( |
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Total assets less current liabilities |
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( |
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Provisions for liabilities |
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( |
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Total net assets (liabilities) |
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( |
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Capital and reserves | |||
Called up share capital |
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Profit and loss account |
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( |
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Shareholders' funds |
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( |
For the year ending 28 November 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
And signed on their behalf by:
B & S VENTURES LIMITED Registered Number SC149283
Notes to the Abbreviated Accounts for the period ended 28 November 2014
1Accounting Policies
Basis of measurement and preparation of accounts
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:
Land and buildings - No Depreciation is provided on freehold properties. It is the company's practice to maintain these assets in a continual state of sound repair and to extend and make improvements thereto from time to time. Accordingly the directors consider that the lives of these assets are so long, and residual value so high that the depreciation is insignificant.
Plant and machinery - 20% Cost
Fixtures, fittings
and equipment - 25% straight line
Other accounting policies
Development properties are defined as those properties of which construction and development have not been completed at the balance sheet date and are classified as work in progress within stocks until sold or where properties for which construction and development work has been completed and are being rented until sold.
Development properties are stated at the lower of the cost and net realisable value where costs consist of the purchase price of property and direct expenditure incurred in developing the property.
Work in progress is valued at the lower of cost and net realisable value
£ | |
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Cost | |
At 1 December 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 28 November 2014 |
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Depreciation | |
At 1 December 2013 |
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Charge for the year |
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On disposals |
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At 28 November 2014 |
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Net book values | |
At 28 November 2014 | 797 |
At 30 November 2013 | 797 |
3Fixed assets Investments
Cost
at 1 December 2013 and 30 November 2014 £4
Net book values
at 1 December 2013 and 30 November 2014 £4