Poulter Business Development Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04758352 (England and Wales)

Financial Statements for the Year Ended 31 May 2018

for

Poulter Business Development Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D J Poulter

SECRETARY:

D J Poulter

REGISTERED OFFICE:

18 The Glasshouse Studios

Fryern Court Road

Fordingbridge

Hampshire

SP6 1QX

REGISTERED NUMBER:

04758352 (England and Wales)

ACCOUNTANTS:

Saltrick & Saltrick Ltd.

Chartered Accountants

18 The Glasshouse Studios

Fryern Court Road

Fordingbridge

Hampshire

SP6 1QX

CURRENT ASSETS

Cash at bank

24,488

30,280

CREDITORS

Amounts falling due within one year

5

14,209

7,271

NET CURRENT ASSETS

10,279

23,009

TOTAL ASSETS LESS CURRENT LIABILITIES

10,279

23,009

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10,179

22,909

SHAREHOLDERS' FUNDS

10,279

23,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 February 2019 and were signed by:

D J Poulter - Director

1.	STATUTORY INFORMATION

Poulter Business Development Ltd is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2017

and 31 May 2018

1,000

DEPRECIATION

At 1 June 2017

and 31 May 2018

1,000

NET BOOK VALUE

At 31 May 2018

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade creditors

1

(1

)

Other creditors

14,208

7,272

14,209

7,271

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D J Poulter.