Bosworth Fuels Limited
Bosworth Fuels Limited
2017
2016
Notes
£
£
Fixed assets
Current assets
Cash at bank and in hand
Net current liabilities
(5,183 )
(9,230 )
Total assets less current liabilities
(4,484 )
(8,219 )
Net liabilities
(36,608 )
(40,366 )
Capital and reserves
Called up share capital
Profit and loss account
(36,708 )
(40,466 )
Shareholders' funds
(36,608 )
(40,366 )
Approved by the Board on 30 May 2018 .
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1
Statutory information
2
Compliance with accounting standards
3
Accounting policies
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
Presentation currency
Tangible fixed assets and depreciation
Plant & machinery
Motor vehicles
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4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2016
At 31 August 2017
Depreciation
At 1 September 2016
Charge for the year
At 31 August 2017
Net book value
At 31 August 2017
At 31 August 2016
5
Inventories
2017
2016
£
£
Finished goods
6
Debtors
2017
2016
£
£
Trade debtors
Accrued income and prepayments
7
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
Taxes and social security
Other creditors
Accruals
8
Creditors: amounts falling due after more than one year
2017
2016
£
£
Other creditors
9
Average number of employees
During the year the average number of employees was 1 (2016: 1 ).
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