BNI_EXCALIBUR_LTD - Accounts

RIVER VALLEY NETWORK LTD - Company Information

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Company Registration No. SC393591 (Scotland)

BNI EXCALIBUR LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

BNI EXCALIBUR LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

BNI EXCALIBUR LTD

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Intangible assets

84,000

96,000

Tangible assets

1,187

85,187

96,000

Current assets

Debtors

Cash at bank and in hand

9,271

5,591

9,272

5,591

Creditors: amounts falling due within one year

(44,836)

(50,268)

Net current liabilities

(35,564)

(44,677)

Total assets less current liabilities

49,623

51,323

Creditors: amounts falling due after more than one year

(32,406)

(47,406)

17,217

3,917

Capital and reserves

Called up share capital

1,000

Profit and loss account

16,217

2,917

Shareholders' funds

17,217

3,917

For the financial year ended 31 March 2014 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 26 November 2014

Mrs D Read

Director

Company Registration No. SC393591

BNI EXCALIBUR LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

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 April 2008).

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 goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments 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

20% on Reducing Balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2013

120,000

Additions

1,484

At 31 March 2014

120,000

1,484

121,484

Depreciation

At 1 April 2013

24,000

Charge for the year

12,000

297

12,297

At 31 March 2014

36,000

297

36,297

Net book value

At 31 March 2014

84,000

1,187

85,187

At 31 March 2013

96,000

BNI EXCALIBUR LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

1,000 Ordinary of £1 each

1,000