BLUE_MOUNTAIN_YARD_LTD - Accounts

BLUE MOUNTAIN YARD LTD - Company Information

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Company Registration No. 09188361 (England and Wales)

BLUE MOUNTAIN YARD LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

BLUE MOUNTAIN YARD LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BLUE MOUNTAIN YARD LTD

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

47,471

Current assets

Stocks

1,350

Debtors

4,788

Cash at bank and in hand

6,485

12,623

Creditors: amounts falling due within one year

(197,554)

Net current liabilities

(184,931)

Total assets less current liabilities

(137,460)

Capital and reserves

Called up share capital

Profit and loss account

(137,559)

Shareholders' funds

(137,460)

For the financial Period ended 31 December 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 Period 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 26 May 2016

Mr J A G Smith

Director

Company Registration No. 09188361

BLUE MOUNTAIN YARD LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2015

- 2 -

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).

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence not withstanding that at 31 December 2015 its current liabilities exceeded its current assets by £184,931. The directors believe this basis to be appropriate and have undertaken to continue to provide such funds as may be required from time to time in order for the company to continue in operational existence and meet its other liabilities as they fall due for the foreseeable future.

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 goods and services net of VAT and trade discounts.

1.4

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:

Plant and machinery

25% on Cost

Computer equipment

25% on Cost

Fixtures, fittings & equipment

25% on Cost

Fixed assets

Tangible assets

Cost

At 28 August 2014

Additions

64,141

At 31 December 2015

64,141

Depreciation

At 28 August 2014

Charge for the period

16,670

At 31 December 2015

16,670

Net book value

At 31 December 2015

47,471

BLUE MOUNTAIN YARD LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2015

- 3 -

Share capital

2015

Allotted, called up and fully paid

99 Ordinary shares of £1 each