Banstead Design Limited - Limited company - abbreviated - 11.0.0

Banstead Design Limited - Limited company - abbreviated - 11.0.0

BANSTEAD DESIGN LIMITED - Company Information

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REGISTERED NUMBER: 02514921 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

BANSTEAD DESIGN LIMITED

BANSTEAD DESIGN LIMITED (REGISTERED NUMBER: 02514921)






Contents of the Abbreviated Accounts
for the year ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

BANSTEAD DESIGN LIMITED

Company Information
for the year ended 31 March 2014







DIRECTOR: J M D Albon





SECRETARY: GK Barnes





REGISTERED OFFICE: Reigate Business Centre
7-11 High Street
Reigate
Surrey
RH2 9AA





REGISTERED NUMBER: 02514921 (England and Wales)





ACCOUNTANTS: Langley Associates
Reigate Business Centre
7-11 High Street
Reigate
Surrey
RH2 9AA
Page 1
BANSTEAD DESIGN LIMITED (REGISTERED NUMBER: 02514921)

Abbreviated Balance Sheet
31 March 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 18,620 360

CURRENT ASSETS
Debtors 9,687 23,176
Cash at bank 30,517 23,532
40,204 46,708
CREDITORS
Amounts falling due within one year 15,299 17,694
NET CURRENT ASSETS 24,905 29,014
TOTAL ASSETS LESS CURRENT
LIABILITIES
43,525
29,374

PROVISIONS FOR LIABILITIES 3,724 -
NET ASSETS 39,801 29,374

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 39,701 29,274
SHAREHOLDERS' FUNDS 39,801 29,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 22 December 2014 and were signed by:





J M D Albon - Director


The notes form part of these abbreviated accounts

Page 2
BANSTEAD DESIGN LIMITED (REGISTERED NUMBER: 02514921)

Notes to the Abbreviated Accounts
for the year ended 31 March 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption has been taken from preparing a cash flow statement on the grounds that the company
qualifies as a small company.

Turnover
Turnover represents the net invoiced sales of engineering consultancy services, excluding value added
tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 8,499
Additions 22,085
At 31 March 2014 30,584
DEPRECIATION
At 1 April 2013 8,139
Charge for year 3,825
At 31 March 2014 11,964
NET BOOK VALUE
At 31 March 2014 18,620
At 31 March 2013 360

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1.00 100 100

Page 3 continued...
BANSTEAD DESIGN LIMITED (REGISTERED NUMBER: 02514921)

Notes to the Abbreviated Accounts - continued
for the year ended 31 March 2014

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and
31 March 2013:

2014 2013
£    £   
J M D Albon
Balance outstanding at start of year 10,000 -
Amounts advanced - 10,000
Amounts repaid (10,000 ) -
Balance outstanding at end of year - 10,000

Mr J D Albon, a director, was advanced a loan of £10,000, which was repaid during the period. Interest
of £286 (2013: £370) has been credited to the profit and loss account and charged to the director,
calculated at the official rate of 4% as published by HM Revenue & Customs.

Page 4