Abbreviated Company Accounts - BALSALL LIMITED
Abbreviated Company Accounts - BALSALL LIMITED
Registered Number 03208929
BALSALL LIMITED
Abbreviated Accounts
31 December 2015
BALSALL LIMITED Registered Number 03208929
Abbreviated Balance Sheet as at 31 December 2015
| Notes | 2015 | 2014 | |
|---|---|---|---|
| € | € | ||
| Fixed assets | |||
| Investments | 2 |
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| Current assets | |||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
( |
( |
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| Net current assets (liabilities) |
( |
( |
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| Total assets less current liabilities |
( |
( |
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| Total net assets (liabilities) |
( |
( |
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| Capital and reserves | |||
| Called up share capital | 3 |
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| Profit and loss account |
( |
( |
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| Shareholders' funds |
( |
( |
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For the year ending 31 December 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
And signed on their behalf by:
BALSALL LIMITED Registered Number 03208929
Notes to the Abbreviated Accounts for the period ended 31 December 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
customers and work carried out in respect of services provided to customers.
Tangible assets depreciation policy
estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Other accounting policies
Stock is valued at the lower of cost and net realisable value
-Deferred Taxation
Full provision is made for deferred taxation resulting from timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred
taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the
periods when the timing differences will reverse.
-Foreign Currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the rate of
exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
-Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where
substantially all the risks and rewards of ownership of the asset have passed to the company, are
capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease
or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the
period of the lease and represents a constant proportion of the balance of capital repayments
outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease
term.
-Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the
profit and loss account as they become payable in accordance with the rules of the scheme.
2Fixed assets Investments
At 1 January 2015: € 200,000
At 31 December 2015: € 200,000
The company holds 20% or more of the share capital of the following companies:
Company: Comico Spol SRO
Shares held: 100% - Class: Ordinary
Capital and reserves: € 166,586
Profit (loss) for the year: € 6,496