Bellenot Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC302963 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Bellenot Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

S C M Burnside

Mrs J Burnside

SECRETARY:

S C M Burnside

REGISTERED OFFICE:

23 Kinord Drive

Aboyne

Aberdeenshire

AB34 5JZ

REGISTERED NUMBER:

SC302963 (Scotland)

ACCOUNTANTS:

JDD Chartered Accountants

5 Rubislaw Terrace

Aberdeen

AB10 1XE

FIXED ASSETS

Tangible assets

2

4,987

5,222

CURRENT ASSETS

Stocks

7,538

8,386

Debtors

6,327

3,077

Cash at bank and in hand

250

3,391

14,115

14,854

CREDITORS

Amounts falling due within one year

24,943

22,656

NET CURRENT LIABILITIES

(10,828

)

(7,802

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,841

)

(2,580

)

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(5,843

)

(2,582

)

SHAREHOLDERS' FUNDS

(5,841

)

(2,580

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 24 June 2016 and were signed on its behalf by:

S C M Burnside - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

21,930

Additions

1,198

At 30 June 2015

23,128

DEPRECIATION

At 1 July 2014

16,708

Charge for year

1,433

At 30 June 2015

18,141

NET BOOK VALUE

At 30 June 2015

4,987

At 30 June 2014

5,222

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

2

Ordinary

1

2

4.	GOING CONCERN

Although there were net current liabilities of £10,828 at the company's year end (2014 - £7,802), and net

liabilities of £5,841 (2014 - £2,276), the directors are optimistic regarding future plans of the business operations

to improve profitability in the coming years, and the directors will ensure that creditors will be paid as required.