B_B_TRADE_KITCHENS_AND_BE - Accounts

B B TRADE KITCHENS & BEDROOMS LIMITED - Company Information

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Company Registration No. 02360372 (England and Wales)

B B TRADE KITCHENS AND BEDROOMS LIMITED

UNAUDITED ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

B B TRADE KITCHENS AND BEDROOMS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

B B TRADE KITCHENS AND BEDROOMS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

294,878

335,381

Current assets

Stocks

119,769

110,761

Debtors

423,561

207,322

Cash at bank and in hand

2,133

262

545,463

318,345

Creditors: amounts falling due within one year

(505,960)

(423,009)

Net current assets/(liabilities)

39,503

(104,664)

Total assets less current liabilities

334,381

230,717

Creditors: amounts falling due after more than one year

(77,676)

(98,765)

256,705

131,952

Capital and reserves

Called up share capital

200

Profit and loss account

256,505

131,752

Shareholders' funds

256,705

131,952

For the financial year ended 28 February 2016 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 25 May 2016

Mr B A Burke

Director

Company Registration No. 02360372

B B TRADE KITCHENS AND BEDROOMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 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 January 2015).

The directors, having regard to the nature, size and complexity of the business, have assessed the financial risks affecting the company and its operations for the 12 months from the approval of the financial statements and consider it appropriate to prepare the financial statements on a going concern basis.

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

15% reducing balance

Fixtures, fittings & equipment

20% straightline

Motor vehicles

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 March 2015

585,593

Additions

34,957

Disposals

(8,915)

At 28 February 2016

611,635

Depreciation

At 1 March 2015

250,213

On disposals

(3,297)

Charge for the year

69,841

At 28 February 2016

316,757

Net book value

At 28 February 2016

294,878

At 28 February 2015

335,381

B B TRADE KITCHENS AND BEDROOMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2016

- 3 -

Creditors

The aggregate amount of creditors for which security has been given amounted to £164,328 (2015 - £231,906).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £77,676 (2015 - £98,765).

Share capital

2016

2015

Allotted, called up and fully paid

200 Ordinary of £1 each

200

Related party relationships and transactions

Loans to directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Loan

31,897

67,950

55,000

44,847

31,897

67,950

55,000

44,847