Bay Cottage Industries Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05660694 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Bay Cottage Industries Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M Asher

SECRETARY:

Mrs J Asher

REGISTERED OFFICE:

2 Clifton Moor Business Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

REGISTERED NUMBER:

05660694 (England and Wales)

ACCOUNTANTS:

Beckingtons

2 Clifton Moor Business

Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

FIXED ASSETS

Tangible assets

2

272

-

CURRENT ASSETS

Stocks

128

111

Debtors

6,947

7,282

Cash at bank and in hand

14,012

3,062

21,087

10,455

CREDITORS

Amounts falling due within one year

14,550

4,281

NET CURRENT ASSETS

6,537

6,174

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,809

6,174

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

5,809

5,174

SHAREHOLDERS' FUNDS

6,809

6,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28 September 2016 and were signed by:

Mr M Asher - 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.

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

363

At 31 December 2015

363

DEPRECIATION

Charge for year

91

At 31 December 2015

91

NET BOOK VALUE

At 31 December 2015

272

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1,000

Ordinary

£1

1,000