Beacon Legal Limited - Period Ending 2015-08-31

 
 
 
 
 
 
 
  Beacon Legal Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 31 August 2015
 
  Company Registration Number: 07584806

Beacon Legal Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Beacon Legal Limited
Abbreviated Balance Sheet
31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			6,392			7,356
Current assets
Stocks					87,258			33,856
Debtors					10,105			13,250
Cash at bank and in hand					24,233			38,624
					121,596			85,730
Creditors: Amounts falling due within one year					(29,316)			(25,409)
Net current assets					92,280			60,321
Total assets less current liabilities					98,672			67,677
Provisions for liabilities					(940)			(1,133)
Net assets					97,732			66,544
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					97,731			66,543
Shareholders' funds					97,732			66,544

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Beacon Legal Limited
Abbreviated Balance Sheet
31 August 2015 ......... continued

For the year ending 31 August 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 director acknowledges his 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 director on 30 March 2016

Mr R N Gilbert
Director

Company Registration Number: 07584806

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Beacon Legal Limited
Notes to the Abbreviated Accounts
Year Ended 31 August 2015 ......... 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

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Fixtures and fittings	20% on reducing balance
Computer equipment	25% on cost

Stock

Work in progress has been calculated at the lower of cost and net realisable value

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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.

Page 3

Beacon Legal Limited
Notes to the Abbreviated Accounts
Year Ended 31 August 2015 ......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		10,494			10,494
Additions		980			980
At 31 August 2015		11,474			11,474
Depreciation
At 1 September 2014		3,138			3,138
Charge for the year		1,944			1,944
At 31 August 2015		5,082			5,082
Net book value
At 31 August 2015		6,392			6,392
At 31 August 2014		7,356			7,356

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
1 Ordinary share of £1 each		1			1			1			1

Page 4