BHARDWAJ_LIMITED - Accounts

BHARDWAJ LIMITED - Company Information

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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

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

315,000

357,000

Tangible assets

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

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

- 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 -

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.

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 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 September 2014

420,000

153,800

573,800

Additions

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

Share capital

2015

2014

Allotted, called up and fully paid

50,000 Ordinary shares of £1 each

50,000