Bizantec Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04786292

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

Bizantec Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

G L Price

SECRETARY:

Mrs F Price

REGISTERED OFFICE:

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

REGISTERED NUMBER:

04786292

ACCOUNTANTS:

Jones & Co

Sherwood House

41 Queens Road

Farnborough

Hants

GU14 6JP

FIXED ASSETS

Tangible assets

2

5,043

6,304

CURRENT ASSETS

Stocks

-

1,200

Debtors

48

3,953

Cash at bank

2,272

3,611

2,320

8,764

CREDITORS

Amounts falling due within one year

11,301

13,205

NET CURRENT LIABILITIES

(8,981

)

(4,441

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,938

)

1,863

PROVISIONS FOR LIABILITIES

1,009

1,260

NET (LIABILITIES)/ASSETS

(4,947

)

603

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

(4,957

)

593

SHAREHOLDERS' FUNDS

(4,947

)

603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 9 March 2017 and were signed by:

G L Price - 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.

Fixtures and fittings

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Stocks

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of timing differences which have originated but not reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

18,213

DEPRECIATION

At 1 April 2015

11,909

Charge for year

1,261

At 31 March 2016

13,170

NET BOOK VALUE

At 31 March 2016

5,043

At 31 March 2015

6,304

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

10

Ordinary

£1

10