BAIN AND BALSHAW LIMITED

Company Registration Number:
06111366 (England and Wales)

Report of the Directors and Unaudited Financial Statements

Period of accounts

Start date: 01 January 2015

End date: 31 December 2015

BAIN AND BALSHAW LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2015

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

BAIN AND BALSHAW LIMITED

Company Information

for the Period Ended 31 December 2015




Director: Morris Labode
Secretary: Desta Ruth Labode
Registered office: 48
Catisfield Road
Enfield
Middlesex
EN3 6BD
Company Registration Number: 06111366 (England and Wales)

BAIN AND BALSHAW LIMITED

Directors' Report Period Ended 31 December 2015

The directors present their report with the financial statements of the company for the period ended 31 December 2015

Directors
The directors shown below have held office during the whole of the period from
01 January 2015 to 31 December 2015
Morris Labode

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 21 September 2016
And Signed On Behalf Of The Board By:

Name: Morris Labode
Status: Director

BAIN AND BALSHAW LIMITED

Profit and Loss Account

for the Period Ended 31 December 2015


Notes

2015
£

2014
£
Turnover: 2 42,123 29,790
Cost of sales: 0 0
Gross profit or (loss): 42,123 29,790
Administrative expenses: ( 6,825 ) ( 1,223 )
Operating profit or (loss): 35,298 28,567
Profit or (loss) on ordinary activities before taxation: 35,298 28,567
Tax on profit or (loss) on ordinary activities: ( 6,969 ) ( 5,685 )
Profit or (loss) for the financial year: 28,329 22,882

The notes form part of these financial statements

BAIN AND BALSHAW LIMITED

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report

BAIN AND BALSHAW LIMITED

Balance sheet

As at 31 December 2015


Notes

2015
£

2014
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 4 453 0
Total fixed assets: 453 0
Current assets
Debtors: 5,800 300
Cash at bank and in hand: 4,464 7,117
Total current assets: 10,264 7,417
Creditors: amounts falling due within one year: ( 8,769 ) ( 5,571 )
Net current assets (liabilities): 1,495 1,846
Total assets less current liabilities: 1,948 1,846
Total net assets (liabilities): 1,948 1,846

The notes form part of these financial statements

BAIN AND BALSHAW LIMITED

Balance sheet continued

As at 31 December 2015


Notes

2015
£

2014
£
Capital and reserves
Called up share capital: 5 100 100
Revaluation reserve: 6 520 520
Profit and loss account: 7 1,328 1,226
Shareholders funds: 1,948 1,846

For the year ending 31 December 2015 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.

The financial statements were approved by the Board of Directors on 21 September 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Morris Labode
Status: Director

The notes form part of these financial statements

BAIN AND BALSHAW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are prepared on an accrual basis.

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Turnover includes revenue earned from the sale of goods and form the rendering of services.

    Tangible fixed assets depreciation policy

    Fixed assets are valued at cost less depreciation on a straight line basis.

BAIN AND BALSHAW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2015

  • 2. Turnover

    All of the company's turnover for the year was from its principal business activities in the UK

BAIN AND BALSHAW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2015

  • 3. Dividends


    2015
    £

    2014
    £
    Dividends paid on ordinary shares: 28,226 21,036
    Total dividends paid: 28,226 21,036

BAIN AND BALSHAW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2015

  • 4. Tangible assets

    Land and buildings Plant and Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    01 January 2015: - - - 0 - 0
    Additions: - - - 680 - 680
    Disposals: - - - 0 - 0
    Revaluations: - - - 0 - 0
    Transfers: - - - 0 - 0
    31 December 2015: - - - 680 - 680
    Depreciation
    01 January 2015: - - - 0 - 0
    Charge for year: - - - 227 - 227
    On disposals: - - - 0 - 0
    Other adjustments: - - - 0 - 0
    31 December 2015: - - - 227 - 227
    Net book value
    31 December 2015: - - - 453 - 453
    31 December 2014: - - - 0 - 0

    Office computer to be written down on a straight line basis over three years.

BAIN AND BALSHAW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2015

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 100.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 100.00 100
    Preference shares: 0
    Total share capital (£): 100

BAIN AND BALSHAW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2015

  • 6. Revaluation reserve

    £
    At 01 January 2015: 520
    At 31 December 2015: 520

BAIN AND BALSHAW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2015

  • 7. Profit and loss account


    2015
    £

    2014
    £
    Opening balance: 1,225 ( 620 )
    Profit or (loss) for the period: 28,329 22,882
    Equity dividends paid: ( 28,226 ) ( 21,036 )
    Retained profit: 1,328 1,226

BAIN AND BALSHAW LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2015

  • 8. Transactions with directors

    Name of director receiving advance or credit Morris Labode
    Description of the transaction Not Applicable
    Balance at 01 January 2015 0
    Balance at 31 December 2015 0