Registered Number 05587058

BILLY DAVIDSON NV STABLES LIMITED

Abbreviated Accounts

31 October 2013

BILLY DAVIDSON NV STABLES LIMITED Registered Number 05587058

Abbreviated Balance Sheet as at 31 October 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 104,857 53,458
104,857 53,458
Current assets
Stocks 36,000 35,932
Debtors 1,428 16,737
37,428 52,669
Creditors: amounts falling due within one year (122,547) (105,949)
Net current assets (liabilities) (85,119) (53,280)
Total assets less current liabilities 19,738 178
Creditors: amounts falling due after more than one year (18,459) -
Total net assets (liabilities) 1,279 178
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,277 176
Shareholders' funds 1,279 178
  • For the year ending 31 October 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 July 2014

And signed on their behalf by:
Mr W C Davidson, Director

BILLY DAVIDSON NV STABLES LIMITED Registered Number 05587058

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

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

Short leasehold - 10% on cost
Plant & machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Other accounting policies
Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Tangible fixed assets
£
Cost
At 1 November 2012 83,641
Additions 70,042
Disposals -
Revaluations -
Transfers -
At 31 October 2013 153,683
Depreciation
At 1 November 2012 30,183
Charge for the year 18,643
On disposals -
At 31 October 2013 48,826
Net book values
At 31 October 2013 104,857
At 31 October 2012 53,458