Business Publishing International Ltd 31/08/2018 iXBRL

Business Publishing International Ltd 31/08/2018 iXBRL

BUSINESS PUBLISHING INTERNATIONAL LTD. - Company Information

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31/08/2018 2018-08-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2017-09-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 03420305 2017-09-01 2018-08-31 03420305 2018-08-31 03420305 2017-08-31 03420305 bus:Director1 2017-09-01 2018-08-31 03420305 core:WithinOneYear 2018-08-31 03420305 core:ShareCapital 2018-08-31 03420305 core:ShareCapital 2017-08-31 03420305 core:RetainedEarningsAccumulatedLosses 2018-08-31 03420305 bus:Director1 2018-08-31 03420305 bus:SmallEntities 2017-09-01 2018-08-31 03420305 bus:AuditExempt-NoAccountantsReport 2017-09-01 2018-08-31 03420305 bus:FullAccounts 2017-09-01 2018-08-31 03420305 bus:SmallCompaniesRegimeForAccounts 2017-09-01 2018-08-31 03420305 bus:PrivateLimitedCompanyLtd 2017-09-01 2018-08-31
Company registration number: 03420305
Business Publishing International Ltd
Unaudited filleted financial statements
31 August 2018
Business Publishing International Ltd
Contents
Statement of financial position
Notes to the financial statements
Business Publishing International Ltd
Statement of financial position
31 August 2018
2018 2017
Note £ £ £ £
Current assets
Debtors 4 13,656 -
Cash at bank and in hand 88,629 2
_______ _______
102,285 2
Creditors: amounts falling due
within one year 5 ( 33,553) -
_______ _______
Net current assets 68,732 2
_______ _______
Total assets less current liabilities 68,732 2
_______ _______
Net assets 68,732 2
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 68,730 -
_______ _______
Shareholders funds 68,732 2
_______ _______
For the year ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 May 2019 , and are signed on behalf of the board by:
Mr A P Reynolds
Director
Company registration number: 03420305
Business Publishing International Ltd
Notes to the financial statements
Year ended 31 August 2018
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 3 High Street, Bletchingley, Redhill, Surrey, RH1 4PB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Debtors
2018 2017
£ £
Trade debtors 13,656 -
_______ _______
5. Creditors: amounts falling due within one year
2018 2017
£ £
Corporation tax 16,122 -
Other creditors 17,431 -
_______ _______
33,553 -
_______ _______
6. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2018
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr A P Reynolds - ( 10,765) ( 10,765)
_______ _______ _______
2017
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr A P Reynolds - - -
_______ _______ _______