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REGISTERED NUMBER: 05587058 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 October 2012

for

Billy Davidson NV Stables Limited

Billy Davidson NV Stables Limited (Registered number: 05587058)






Contents of the Abbreviated Accounts
for the Year Ended 31 October 2012




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Billy Davidson NV Stables Limited

Company Information
for the Year Ended 31 October 2012







DIRECTOR: Mr William Colin Davidson



SECRETARY: Mr David Thomas Scott



REGISTERED OFFICE: West Murton Blue House Farm
Hurworth Burn
Wingate
Co. Durham
TS28 5NR



REGISTERED NUMBER: 05587058 (England and Wales)



ACCOUNTANTS: David T Scott & Co
Chartered Accountants
15 Staindrop Road
West Auckland
Co. Durham
DL14 9JU



SOLICITORS: Close Thornton
2 Duke Street
Darlington
Co Durham
DL3 7AB

Billy Davidson NV Stables Limited (Registered number: 05587058)

Abbreviated Balance Sheet
31 October 2012

31.10.12 31.10.11
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 53,458 22,050

CURRENT ASSETS
Stocks 35,932 46,200
Debtors 17,794 16,796
53,726 62,996
CREDITORS
Amounts falling due within one year 107,006 84,828
NET CURRENT LIABILITIES (53,280 ) (21,832 )
TOTAL ASSETS LESS CURRENT LIABILITIES 178 218

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 176 216
SHAREHOLDERS' FUNDS 178 218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2012.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2012 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 14 December 2012 and were signed by:





Mr William Colin Davidson - Director


Billy Davidson NV Stables Limited (Registered number: 05587058)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 2012

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).

The accounts have been prepared on a going concern basis, which depends on the continuing support of the company's bankers in
providing overdraft facilities,

The director is confident that this support will be available over the next twelve months

Turnover
Turnover represents net invoiced sales of goods, 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.

Plant and machinery etc - 33% on cost, 20% on reducing balance and 15% 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.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2011 45,926
Additions 37,715
At 31 October 2012 83,641
DEPRECIATION
At 1 November 2011 23,876
Charge for year 6,307
At 31 October 2012 30,183
NET BOOK VALUE
At 31 October 2012 53,458
At 31 October 2011 22,050

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.12 31.10.11
value: £    £   
2 Ordinary £1.00 2 2

Billy Davidson NV Stables Limited (Registered number: 05587058)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 October 2012

4. TRANSACTIONS WITH DIRECTOR

The following loan to directors subsisted during the years ended 31 October 2012 and 31 October 2011:

31.10.12 31.10.11
£    £   
Mr William Colin Davidson
Balance outstanding at start of year 1,903 3,455
Amounts advanced 5,400 10,419
Amounts repaid (6,246 ) (11,971 )
Balance outstanding at end of year 1,057 1,903