Boyd Energy Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07813686 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 5 April 2016

for

Boyd Energy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R J Thompson

J B Milne

REGISTERED OFFICE:

The Shard

co/ Foresight Group LLP

32 London Bridge Street

London

SE1 9SG

REGISTERED NUMBER:

07813686 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,267,099

1,327,169

CURRENT ASSETS

Debtors

54,911

25,412

Cash at bank

241,858

339,407

296,769

364,819

CREDITORS

Amounts falling due within one year

9,585

33,875

NET CURRENT ASSETS

287,184

330,944

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,554,283

1,658,113

PROVISIONS FOR LIABILITIES

21,420

27,555

NET ASSETS

1,532,863

1,630,558

CAPITAL AND RESERVES

Called up share capital

3

1,682,752

Profit and loss account

(149,889

)

(52,194

)

SHAREHOLDERS' FUNDS

1,532,863

1,630,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2016 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 4 January 2017 and were
signed on its behalf by:

R J Thompson - Director

1.	ACCOUNTING POLICIES

Going concern

These accounts have been prepared on a going concern basis. The directors believe that

this basis is appropriate following consideration of cash flow forecasts, which show that the

Company is bale to meet its liabilities as they fall due.

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.

Plant and machinery etc

-

4% on cost

Deferred tax

Full provision is made for deferred tax assets and liabilities arising from all timing

differences between recognition of gains and losses in the financial statements and

recognition in the tax computation.

A net deferred tax asset is recognised only if it can be regarded as more likely than not that

there will be suitable profits from which the future reversal of the underlying timing

differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at

the time the timing differences are expected to reverse.

A deferred tax liability is currently being held.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 6 April 2015

and 5 April 2016

1,501,740

DEPRECIATION

At 6 April 2015

174,571

Charge for year

60,070

At 5 April 2016

234,641

NET BOOK VALUE

At 5 April 2016

1,267,099

At 5 April 2015

1,327,169

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.16

5.4.15

value:

£

1,682,752

Ordinary shares

1.00

1,682,752