Company Registration No. 06611702 (England and Wales)
BAUMGARTNER LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
BAUMGARTNER LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
BAUMGARTNER LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
229
358
Cash at bank and in hand
143
360
372
718
Creditors: amounts falling due within one year
(2,419)
(2,219)
Total assets less current liabilities
(2,047)
(1,501)
Capital and reserves
Called up share capital
2
1
1
Profit and loss account
(2,048)
(1,502)
Shareholders'  funds
(2,047)
(1,501)
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 29 March 2017
E.E. Baumgartner
Director
Company Registration No. 06611702
BAUMGARTNER LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
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 January 2015).

The accounts have been prepared on a going concern basis, based on the continued financial support of the director.

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 services supplied net of VAT , until 1 May 2015, when the company deregistered for VAT. Revenue derived from contracts for services is recognised when, and to the extent that, there is a right to consideration in exchange for performance under the contract. Where contract activity falls into different accounting periods and the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses. In such cases the estimated realisable invoice value of the contract for work performed but not yet invoiced up to the balance sheet date is included in turnover in the profit and loss account and as deferred revenue in the balance sheet at the period end. supplied net of VAT , until 1 May 2015, when the company deregistered for VAT.

 

Revenue derived from contracts for services is recognised when, and to the extent that, there is a right to consideration in exchange for performance under the contract. Where contract activity falls into different accounting periods and the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses. In such cases the estimated realisable invoice value of the contract for work performed but not yet invoiced up to the balance sheet date is included in turnover in the profit and loss account and as deferred revenue in the balance sheet at the period end.

1.4
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:
Plant and machinery
33.3% Straight Line
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
1.6
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1
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