BORN_I.D._LTD - Accounts

BORN I.D. LTD - Company Information

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Company Registration No. 7033433 (England and Wales)

BORN I.D. LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2015

BORN I.D. LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

BORN I.D. LTD

ABBREVIATED BALANCE SHEET

AS AT

29 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

68,526

41,491

Current assets

Debtors

56,131

122,606

Cash at bank and in hand

466

56,597

123,072

Creditors: amounts falling due within one year

(184,855)

(164,177)

Net current liabilities

(128,258)

(41,105)

Total assets less current liabilities

(59,732)

386

Provisions for liabilities

(12,335)

(72,067)

386

Capital and reserves

Called up share capital

Profit and loss account

(72,068)

385

Shareholders' funds

(72,067)

386

For the financial year ended 29 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 28 September 2016

Mr J Walshaw

Director

Company Registration No. 7033433

BORN I.D. LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 SEPTEMBER 2015

- 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 April 2008).

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:

Fixtures, fittings & equipment

15% p.a. on cost

Motor vehicles

15% p.a. on book value

Fixed assets

Tangible assets

Cost

At 1 October 2014

49,237

Additions

40,495

At 29 September 2015

89,732

Depreciation

At 1 October 2014

7,746

Charge for the year

13,460

At 29 September 2015

21,206

Net book value

At 29 September 2015

68,526

At 30 September 2014

41,491

Share capital

2015

2014

Allotted, called up and fully paid

1 Ordinary shares of £1 each