BCA Insulation Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC323584 (Scotland)

Abbreviated Unaudited Accounts

For The Year Ended 30 November 2015

for

BCA Insulation Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

W Shaw

Mrs K Shaw

D W H Walton

SECRETARY:

Mrs K Shaw

REGISTERED OFFICE:

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

REGISTERED NUMBER:

SC323584 (Scotland)

ACCOUNTANTS:

Atkinson Donnelly LLP

1 Cambuslang Court

Cambuslang

Glasgow

Strathclyde

G32 8FH

FIXED ASSETS

Intangible assets

2

53,242

66,552

Tangible assets

3

132,797

153,319

186,039

219,871

CURRENT ASSETS

Stocks

519,619

394,981

Debtors

780,103

573,437

Cash at bank and in hand

174,168

336,772

1,473,890

1,305,190

CREDITORS

Amounts falling due within one year

852,443

1,001,932

NET CURRENT ASSETS

621,447

303,258

TOTAL ASSETS LESS CURRENT
LIABILITIES

807,486

523,129

CREDITORS

Amounts falling due after more than one year

(56,104

)

(89,693

)

PROVISIONS FOR LIABILITIES

(19,021

)

-

NET ASSETS

732,361

433,436

CAPITAL AND RESERVES

Called up share capital

4

10,000

Profit and loss account

722,361

423,436

SHAREHOLDERS' FUNDS

732,361

433,436

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 29 August 2016 and were signed on its behalf by:

W Shaw - 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 April 2008).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

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 expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Debt factoring

Customer debts are factored on a monthly basis by the company.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

133,103

AMORTISATION

At 1 December 2014

66,551

Amortisation for year

13,310

At 30 November 2015

79,861

NET BOOK VALUE

At 30 November 2015

53,242

At 30 November 2014

66,552

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

339,958

Additions

49,780

Disposals

(50,360

)

At 30 November 2015

339,378

DEPRECIATION

At 1 December 2014

186,639

Charge for year

43,884

Eliminated on disposal

(23,942

)

At 30 November 2015

206,581

NET BOOK VALUE

At 30 November 2015

132,797

At 30 November 2014

153,319

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

10,000

Ordinary Share Capital

£1

10,000