BRIDGEWOOD_INTERIORS_LIMI - Accounts

BRIDGEWOOD INTERIORS LIMITED - Company Information

Print Friendly Version

Company Registration No. 03996127 (England and Wales)

BRIDGEWOOD INTERIORS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

BRIDGEWOOD INTERIORS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

BRIDGEWOOD INTERIORS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2016

- 1 -

2016

2015

Notes

Current assets

Stocks

1,436,737

175,926

Cash at bank and in hand

3,037

3,109

1,439,774

179,035

Creditors: amounts falling due within one year

(1,506,441)

(240,610)

Total assets less current liabilities

(66,667)

(61,575)

Capital and reserves

Called up share capital

Profit and loss account

(66,669)

(61,577)

Shareholders' funds

(66,667)

(61,575)

For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 17 February 2017

J S De Swarte

Director

Company Registration No. 03996127

BRIDGEWOOD INTERIORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

- 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 January 2015).

The accounts have been prepared on a going concern basis which presumes continued and adequate support, financial or otherwise, from the director, J S De Swarte, and from Bridgewood Plc, a company controlled by the director. The financial statements do not include any adjustments that would result from the withdrawal of this support.

1.2

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

25% per annum reducing balance method

1.3

Stock and work in progress

Stock and work in progress is valued at the lower of cost and net realisable value.

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each