Borditt and Leggitt Ltd,Ltd - Accounts

BORDITT AND LEGITT LTD - Company Information

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Borditt and Leggitt Ltd

For the year ended 31 August 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 02945766

Contents Page

Borditt and Leggitt Ltd

For the year ended 31 August 2015

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Borditt and Leggitt Ltd

Accountants' Report

For the year ended 31 August 2015

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 31 August 2015 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you

to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Vickers Reynolds & Co (Lye) Ltd

'The Stables'

Dudley road

Lye, Stourbridge

West Midlands

DY9 8EL

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Abbreviated Balance Sheet

Borditt and Leggitt Ltd

As at 31 August 2015

02945766

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

3,227

Current assets

Stocks

5,000

4,074

Debtors

3,431

3,376

Cash at bank and in hand

458

573

7,908

9,004

Creditors: amounts falling due within one year

(6,957)

(5,593)

2,047

2,315

Net current assets

Total assets less current liabilities

5,542

5,274

5,542

Net assets

5,274

Capital and reserves

Called up share capital

100

Profit and loss account

5,442

5,174

5,542

5,274

Shareholders funds

For the 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.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,

2) The director acknowledges her 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.

Date approved by the board: 22 October 2015

Josephine Truman Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Borditt and Leggitt Ltd

For the year ended 31 August 2015

1 Accounting Policies

Basis of accounting

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

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved

by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Stocks and work in progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Notes to the Abbreviated Financial Statements

Borditt and Leggitt Ltd

For the year ended 31 August 2015

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

3,227

At 01 September 2014

At 31 August 2015

3,227

Net book values

At 31 August 2015

3,227

At 31 August 2014

3 Share capital

Authorised

1,000 Class A shares of £1.00 each

Allotted called up and fully paid

2015

2014

100 Class A shares of £1.00 each

100

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