Abbreviated Company Accounts - BROMSGROVE STEEL LIMITED

BROMSGROVE STEEL LIMITED - Company Information

07520245 BROMSGROVE STEEL LIMITED 2016-02-29 false 2015-03-01 2016-02-29 true 07520245 2015-03-01 2016-02-29 07520245 2016-02-29 07520245 2015-02-28 07520245 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 07520245 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 07520245

BROMSGROVE STEEL LIMITED

Abbreviated Accounts

29 February 2016

BROMSGROVE STEEL LIMITED Registered Number 07520245

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	31,247	23,534
		31,247	23,534
Current assets
Stocks		38,000	62,400
Debtors		271,939	221,140
Cash at bank and in hand		54,466	5,893
		364,405	289,433
Creditors: amounts falling due within one year		(180,534)	(170,045)
Net current assets (liabilities)		183,871	119,388
Total assets less current liabilities		215,118	142,922
Creditors: amounts falling due after more than one year		-	(17,073)
Total net assets (liabilities)		215,118	125,849
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		215,018	125,749
Shareholders' funds		215,118	125,849

For the year ending 29 February 2016 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 20 April 2016

And signed on their behalf by:
Paul Denning, Director

BROMSGROVE STEEL LIMITED Registered Number 07520245

Notes to the Abbreviated Accounts for the period ended 29 February 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the costs less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery - 20% Straight line
Fixtures, fittings and equipment - 20% Straight line
Motor vehicle - 20% Straight line

2Tangible fixed assets

	£
Cost
At 1 March 2015	53,271
Additions	18,727
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	71,998
Depreciation
At 1 March 2015	29,737
Charge for the year	11,014
On disposals	-
At 29 February 2016	40,751
Net book values
At 29 February 2016	31,247
At 28 February 2015	23,534

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100