BHere Limited - Limited company - abbreviated

REGISTERED NUMBER: 00622110 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

BHERE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C J Chapman

Mrs S H Chapman

SECRETARY:

C J Chapman

REGISTERED OFFICE:

124 High Street

Midsomer Norton

Radstock

Somerset

BA3 2DA

REGISTERED NUMBER:

00622110 (England and Wales)

ACCOUNTANTS:

Pethericks & Gillard Limited

Chartered Accountants

124 High Street

Midsomer Norton

Bath

BA3 2DA

FIXED ASSETS

Tangible assets

2

2,465,183

2,209,121

Investments

3

-

1,000

2,465,183

2,210,121

CURRENT ASSETS

Stocks

-

275,000

Debtors

731,050

524,436

Cash at bank

92,801

540,092

823,851

1,339,528

CREDITORS

Amounts falling due within one year

4

60,525

154,891

NET CURRENT ASSETS

763,326

1,184,637

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,228,509

3,394,758

CAPITAL AND RESERVES

Called up share capital

5

1,000

Retained earnings

3,227,509

3,393,758

SHAREHOLDERS' FUNDS

3,228,509

3,394,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 April 2016 and were signed on its behalf by:

C J Chapman - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net services invoiced, excluding Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Office equipment

-

25% on reducing balance

No depreciation has been charged on the freehold and leasehold property held as investments, nor have they been revalued

in accordance with Statement of Standard Accounting Practice 19. This is a departure from the Companies Act 2006,

which requires these assets to be depreciated. The directors consider that the freehold and leasehold properties are

maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the

corresponding depreciation would not be material and, therefore, is not charged in the profit and loss account.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

2,214,234

Additions

257,454

At 31 December 2015

2,471,688

DEPRECIATION

At 1 January 2015

5,113

Charge for year

1,392

At 31 December 2015

6,505

NET BOOK VALUE

At 31 December 2015

2,465,183

At 31 December 2014

2,209,121

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

1,000

Disposals

(1,000

)

At 31 December 2015

-

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

1,000

4.

CREDITORS

Creditors include an amount of £ 0 (2014 - £ 18,701 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

£1

1,000

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2015 and

31 December 2014:

2015

2014

£

C J Chapman

Balance outstanding at start of year

(18,701

)

(11,939

)

Amounts advanced

83,886

294,710

Amounts repaid

(25,000

)

(301,472

)

Balance outstanding at end of year

40,185

(18,701

)

BHere Limited - Limited company - abbreviated - 11.9

BHere Limited - Limited company - abbreviated - 11.9