Company Registration No. 00471518 (England and Wales)
BETTE DAVIS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2012
BETTE DAVIS LIMITED
CONTENTS
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.
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
BETTE DAVIS LIMITED
ABBREVIATED BALANCE SHEET
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- 1 -
.
2012
2011
Notes
£
£
£
£
Fixed assets
Intangible assets
2
21,504
Tangible assets
2
14,640
19,904
.
.
36,144
19,904
Current assets
Stocks
131,280
115,334
Debtors
48,015
48,726
Cash at bank and in hand
295,599
47,688
.
.
474,894
211,748
Creditors: amounts falling due within one year
(51,448)
(92,643)
.
.
Net current assets
423,446
119,105
.
.
Total assets less current liabilities
459,590
139,009
.
.
Capital and reserves
Called up share capital
3
74,000
54,000
Share premium account
239,259
Other reserves
24,088
24,088
Profit and loss account
122,243
60,921
.
.
Shareholders' funds
459,590
139,009
.
.
For the financial year ended 31 July 2012 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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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 26 March 2013
Mr S Ebrahim
Director
Company Registration No. 00471518
BETTE DAVIS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2012
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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 April 2008).
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 goods and services net of value added tax and trade discounts.
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:
Land and buildings Leasehold
Over period of lease
Computer equipment
33.33% per annum straight line
Fixtures, fittings & equipment
15% per annum reducing balance
Motor vehicles
33.3% per annum straight line
1.5
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.
1.6
Intangible Assets
Cost of website design and software installation are written off in annual instalments over its estimated useful economic life of three years.
BETTE DAVIS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2012
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- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 August 2011
139,391
139,391
Additions
24,992
4,996
29,988
Disposals
(71,912)
(71,912)
.
.
.
At 31 July 2012
24,992
72,475
97,467
.
.
.
Depreciation
At 1 August 2011
119,487
119,487
On disposals
(71,912)
(71,912)
Charge for the year
3,488
10,260
13,748
.
.
.
At 31 July 2012
3,488
57,835
61,323
.
.
.
Net book value
At 31 July 2012
21,504
14,640
36,144
.
.
.
At 31 July 2011
19,904
19,904
.
.
.
3
Share capital
2012
2011
£
£
Allotted, called up and fully paid
74,000 Ordinary 'A' shares of £1 each
54,000
1,080 Ordinary 'A' shares of £1 each
1,080
26,460 Ordinary 'B' shares of £1 each
26,460
26,460 Ordinary 'C' shares of £1 each
26,460
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.
74,000
54,000
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.
All classes of shares have the same rights, privilages and rank pari passu in all respects.
4
Ultimate parent company
There is no ultimate controlling party.