Balfour Carpets Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08646849 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Balfour Carpets Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R Jackson

REGISTERED OFFICE:

c/o Sutton McGrath Ltd

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

REGISTERED NUMBER:

08646849 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Intangible assets

2

67,500

71,250

Tangible assets

3

8,274

16,703

75,774

87,953

CURRENT ASSETS

Stocks

200,829

195,023

Debtors

74,169

29,569

Cash at bank and in hand

72,190

61,623

347,188

286,215

CREDITORS

Amounts falling due within one year

291,463

258,051

NET CURRENT ASSETS

55,725

28,164

TOTAL ASSETS LESS CURRENT
LIABILITIES

131,499

116,117

CREDITORS

Amounts falling due after more than one
year

69,423

115,798

NET ASSETS

62,076

319

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

61,976

219

SHAREHOLDERS' FUNDS

62,076

319

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

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

The director acknowledges his 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 director on 19 May 2016 and were signed by:

R Jackson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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 etc

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

75,000

AMORTISATION

At 1 September 2014

3,750

Amortisation for year

3,750

At 31 August 2015

7,500

NET BOOK VALUE

At 31 August 2015

67,500

At 31 August 2014

71,250

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

25,620

DEPRECIATION

At 1 September 2014

8,917

Charge for year

8,429

At 31 August 2015

17,346

NET BOOK VALUE

At 31 August 2015

8,274

At 31 August 2014

16,703

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100