Abbreviated Company Accounts - BALLYDUN DEVELOPMENTS LTD

BALLYDUN DEVELOPMENTS LTD - Company Information

NI051492 BALLYDUN DEVELOPMENTS LTD 2016-08-31 false 2015-09-01 2016-08-31 true NI051492 2015-09-01 2016-08-31 NI051492 2016-08-31 NI051492 2015-08-31 NI051492 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 NI051492 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number NI051492

BALLYDUN DEVELOPMENTS LTD

Abbreviated Accounts

31 August 2016

BALLYDUN DEVELOPMENTS LTD Registered Number NI051492

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Current assets
Stocks		158,000	300,000
Debtors		6,566	9,908
Cash at bank and in hand		2,334	1,158
		166,900	311,066
Creditors: amounts falling due within one year		(11,483)	(29,923)
Net current assets (liabilities)		155,417	281,143
Total assets less current liabilities		155,417	281,143
Total net assets (liabilities)		155,417	281,143
Capital and reserves
Called up share capital	2	3	3
Profit and loss account		155,414	281,140
Shareholders' funds		155,417	281,143

For the year ending 31 August 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 22 May 2017

And signed on their behalf by:
J F Dowds, Director

BALLYDUN DEVELOPMENTS LTD Registered Number NI051492

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover policy
Turnover, which excludes value added tax and trade discounts represents the value of that work carried out which has been completed to a stage where payment has been made or is due in respect of that work.

Other accounting policies
Exemption from preparing a cash flow statement
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Going concern
The financial statements have been prepared on a going concern basis.

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

Foreign currency
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
3 Ordinary shares of £1 each	3	3