Balcon Limited - Accounts to registrar (filleted) - small 17.3
Balcon Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2017 |
FOR |
BALCON LIMITED |
BALCON LIMITED (REGISTERED NUMBER: SC283990) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2017 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BALCON LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountant |
DS Anderson & Co |
62 Townhead |
Kirkintilloch |
Glasgow |
G66 1NZ |
BALCON LIMITED (REGISTERED NUMBER: SC283990) |
ABRIDGED BALANCE SHEET |
31 AUGUST 2017 |
31.8.17 | 31.8.16 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | 5 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
BALCON LIMITED (REGISTERED NUMBER: SC283990) |
ABRIDGED BALANCE SHEET - continued |
31 AUGUST 2017 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on |
BALCON LIMITED (REGISTERED NUMBER: SC283990) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2017 |
1. | STATUTORY INFORMATION |
Balcon Limited is a |
and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
Tangible fixed assets |
Tangible fixed assets |
Depreciation has been provided at the following annual rates in order to write off each asset over its useful life:- |
Vehicles, Plant & Machinery & |
Computer Equipment - 25% on reducing balance |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the |
extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
BALCON LIMITED (REGISTERED NUMBER: SC283990) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2017 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
Long term contracts |
Amounts recoverable on contracts, which are included in debtors, are stated at cost plus attributable profit less |
any foreseeable losses. The profit on each individual contract is the lower of earned to date and that forecast at |
completion. Payments received on account are deducted from amounts recoverable on contracts. Such amounts |
which have been received and exceed amounts recoverable are included in creditors. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 September 2016 |
Additions |
Disposals | ( |
) |
At 31 August 2017 |
DEPRECIATION |
At 1 September 2016 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 August 2017 |
NET BOOK VALUE |
At 31 August 2017 |
At 31 August 2016 |
The written down value of assets held under hire purchase agreements is £34,580 (2016: £57,048) |
5. | PROVISIONS FOR LIABILITIES |
31.8.17 | 31.8.16 |
£ | £ |
Deferred tax | 12,081 | 13,311 |
BALCON LIMITED (REGISTERED NUMBER: SC283990) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2017 |
5. | PROVISIONS FOR LIABILITIES - continued |
Deferred |
tax |
£ |
Balance at 1 September 2016 |
Credit to Income Statement during year | ( |
) |
Balance at 31 August 2017 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.8.17 | 31.8.16 |
value: | £ | £ |
Ordinary | 1 | 4 | 4 |
7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The balance due to the directors at the end of the year amounted to £21,013 (2016: £1,203). |
8. | ULTIMATE CONTROLLING PARTY |
The controlling party is C Wilson. |