BHARDWAJ_LIMITED - Accounts


Company Registration No. 02599536 (England and Wales)
BHARDWAJ LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
BHARDWAJ LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
BHARDWAJ LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
273,000
315,000
Tangible assets
2
6,059
5,473
279,059
320,473
Current assets
Stocks
55,000
77,113
Debtors
181,543
11,525
Cash at bank and in hand
44,516
20,062
281,059
108,700
Creditors: amounts falling due within one year
(86,706)
(116,422)
Net current assets/(liabilities)
194,353
(7,722)
Total assets less current liabilities
473,412
312,751
Provisions for liabilities
(983)
(815)
472,429
311,936
Capital and reserves
Called up share capital
3
50,000
50,000
Profit and loss account
422,429
261,936
Shareholders'  funds
472,429
311,936
BHARDWAJ LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2016
31 August 2016
- 2 -
For the financial year ended 31 August 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 30 May 2017
Mr A K Bhardwaj
Director
Company Registration No. 02599536
BHARDWAJ LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
1
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).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover

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

1.4
Goodwill

Goodwill is amortised at a rate of 10% per annum on a straight line basis over its estimated useful economic life.is amortised at a rate of 10% per annum on a straight line basis over its estimated useful economic life.

1.5
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
10% Straight line
1.6
Stock and work in progress

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

1.7
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
BHARDWAJ LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2015
420,000
155,070
575,070
Additions
-
2,796
2,796
At 31 August 2016
420,000
157,866
577,866
Depreciation
At 1 September 2015
105,000
149,597
254,597
Charge for the year
42,000
2,210
44,210
At 31 August 2016
147,000
151,807
298,807
Net book value
At 31 August 2016
273,000
6,059
279,059
At 31 August 2015
315,000
5,473
320,473
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
50,000Ordinary shares of £1 each
50,000
50,000
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