Boing Stands Limited - Period Ending 2014-02-28

Registration number: 07936706

Boing Stands Limited

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2014
 

E J Business Consultants Limited
The Rectory, 1 Toomers Wharf,
Canal Walk
Newbury
Berkshire
RG14 1DY

Boing Stands Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Boing Stands Limited
for the Year Ended 28 February 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Boing Stands Limited for the year ended 28 February 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Boing Stands Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Boing Stands Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boing Stands Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Boing Stands Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Boing Stands Limited. You consider that Boing Stands Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Boing Stands Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

E J Business Consultants Limited
The Rectory, 1 Toomers Wharf,
Canal Walk
Newbury
Berkshire
RG14 1DY

25 November 2014

Page 1

Boing Stands Limited
(Registration number: 07936706)
Abbreviated Balance Sheet at 28 February 2014

		Note			28 February 2014 £			28 February 2013 £
Fixed assets
Tangible fixed assets					249			497
Current assets
Stocks					4,740			7,410
Debtors					3,361			5,013
Cash at bank and in hand					5,001			652
					13,102			13,075
Creditors: Amounts falling due within one year					(28,548)			(26,244)
Net current liabilities					(15,446)			(13,169)
Net liabilities					(15,197)			(12,672)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(15,297)			(12,772)
Shareholders' deficit					(15,197)			(12,672)

For the year ending 28 February 2014 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 director acknowledges her 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 director on 25 November 2014

.........................................
Mrs Caryn Anne Moberly
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Boing Stands Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued

1	Accounting policies

Basis of preparation

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 April 2008).

Going concern

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

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset.

Asset class	Depreciation method and rate
Office equipment	33% straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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.

Page 3

Boing Stands Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2013		745			745
At 28 February 2014		745			745
Depreciation
At 1 March 2013		248			248
Charge for the year		248			248
At 28 February 2014		496			496
Net book value
At 28 February 2014		249			249
At 28 February 2013		497			497

3	Share capital

Allotted, called up and fully paid shares

	28 February 2014						28 February 2013
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 4