B I S H T A Limited - Limited company accounts 18.2

REGISTERED NUMBER: 06187479 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

B I S H T A LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

C Hayes

A J Welsby

P J Grinnall

SECRETARY:

P Thorpe

REGISTERED OFFICE:

4 Eastgate House

Eastgate Street

Andover

Hampshire

SP10 1EP

REGISTERED NUMBER:

06187479 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

The directors present their report with the financial statements of the company for the year ended 31 March 2019.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2018 to the date of this report.

C Hayes

A J Welsby

Other changes in directors holding office are as follows:

A J Kemsley - resigned 30 April 2018

P J Grinnall - appointed 30 April 2018

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

C Hayes - Director

28 May 2019

TURNOVER

62,328

74,404

Administrative expenses

52,427

69,553

OPERATING SURPLUS

9,901

4,851

Interest receivable and similar income

14

3

SURPLUS BEFORE TAXATION

9,915

4,854

Tax on surplus

3

1

SURPLUS FOR THE FINANCIAL YEAR

9,912

4,853

CURRENT ASSETS

Stocks

220

220

Debtors

3

12,288

13,493

Cash at bank

34,724

24,239

47,232

37,952

CREDITORS

Amounts falling due within one year

4

18,795

19,427

NET CURRENT ASSETS

28,437

18,525

TOTAL ASSETS LESS CURRENT LIABILITIES

28,437

18,525

RESERVES

Income and expenditure account

28,437

18,525

28,437

18,525

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 28 May 2019 and were signed on its behalf by:

C Hayes - Director

1.	STATUTORY INFORMATION

B I S H T A Limited is a private company, limited by guarantee , 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

9,255

11,738

Amounts owed by group undertakings

1,222

-

VAT

117

-

Prepayments and accrued income

1,694

1,755

12,288

13,493

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

7,960

17,746

Tax

3

1

VAT

-

93

Accruals and deferred income

10,832

1,587

18,795

19,427

5.	ULTIMATE CONTROLLING PARTY

No single person or entity controls the company.

6.	SHARE CAPITAL

The company is limited by guarantee and does not have a share capital. In the event of the company being

wound up and unable to meet its debts, the maximum liability of its members is £10 per member.