Abbreviated Company Accounts - BILLING & ROWAN LIMITED

BILLING & CO BUILDING SERVICES LTD. - Company Information

Registered Number 07302856

BILLING & ROWAN LIMITED

Abbreviated Accounts

30 September 2015

BILLING & ROWAN LIMITED Registered Number 07302856

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	20,000	20,000
Tangible assets	3	18,786	15,200
		38,786	35,200
Current assets
Stocks		1,500	1,500
Debtors		2,781	1,180
Cash at bank and in hand		33,415	17,941
		37,696	20,621
Creditors: amounts falling due within one year		(68,944)	(49,493)
Net current assets (liabilities)		(31,248)	(28,872)
Total assets less current liabilities		7,538	6,328
Creditors: amounts falling due after more than one year		(7,438)	(6,222)
Total net assets (liabilities)		100	106
Capital and reserves
Called up share capital		100	100
Profit and loss account		-	6
Shareholders' funds		100	106

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 6 May 2016

And signed on their behalf by:
W R Billing, Director

BILLING & ROWAN LIMITED Registered Number 07302856

Notes to the Abbreviated Accounts for the period ended 30 September 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value adding tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% reducing balance.
Fixtures, fittings and equipment - 25% reducing balance.
Motor vehicles - 25% reducng balance.

2Intangible fixed assets

	£
Cost
At 1 October 2014	20,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	20,000
Amortisation
At 1 October 2014	-
Charge for the year	-
On disposals	-
At 30 September 2015	-
Net book values
At 30 September 2015	20,000
At 30 September 2014	20,000

3Tangible fixed assets

	£
Cost
At 1 October 2014	24,357
Additions	14,115
Disposals	(6,995)
Revaluations	-
Transfers	-
At 30 September 2015	31,477
Depreciation
At 1 October 2014	9,157
Charge for the year	6,150
On disposals	(2,616)
At 30 September 2015	12,691
Net book values
At 30 September 2015	18,786
At 30 September 2014	15,200