BHARDWAJ_LIMITED - Accounts


Company Registration No. 02599536 (England and Wales)
BHARDWAJ LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2015
BHARDWAJ LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
BHARDWAJ LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2015
31 August 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
315,000
357,000
Tangible assets
2
5,473
15,843
320,473
372,843
Current assets
Stocks
77,113
108,549
Debtors
11,525
8,793
Cash at bank and in hand
20,062
61,989
108,700
179,331
Creditors: amounts falling due within one year
(116,422)
(239,429)
Net current liabilities
(7,722)
(60,098)
Total assets less current liabilities
312,751
312,745
Provisions for liabilities
(815)
(2,827)
311,936
309,918
Capital and reserves
Called up share capital
3
50,000
50,000
Profit and loss account
261,936
259,918
Shareholders'  funds
311,936
309,918
BHARDWAJ LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2015
31 August 2015
- 2 -
For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 May 2016
Mr A K Bhardwaj
Director
Company Registration No. 02599536
BHARDWAJ LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015
- 3 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.4
Goodwill

Goodwill is amortised at a rate of 10% per annum on a straight line basis over its estimated useful economic life.is amortised at a rate of 10% per annum on a straight line basis over its estimated useful economic life.

1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
10% Straight line
1.6
Stock and work in progress

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

1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
BHARDWAJ LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2014
420,000
153,800
573,800
Additions
-
1,270
1,270
At 31 August 2015
420,000
155,070
575,070
Depreciation
At 1 September 2014
63,000
137,957
200,957
Charge for the year
42,000
11,640
53,640
At 31 August 2015
105,000
149,597
254,597
Net book value
At 31 August 2015
315,000
5,473
320,473
At 31 August 2014
357,000
15,843
372,843
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
50,000Ordinary shares of £1 each
50,000
50,000
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