BBI Independent Financial Advisers Limited,Ltd - AccountsLtd - Accounts

BBI Independent Financial Advisers Limited,Ltd - AccountsLtd - Accounts

BBI INDEPENDENT FINANCIAL ADVISERS LIMITED - Company Information

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2018-01-01 05636740 2018-12-31 05636740 2018-01-01 2018-12-31 05636740 2017-12-31 05636740 2017-01-01 2017-12-31 05636740 uk-core:WithinOneYear 2017-12-31 05636740 uk-core:WithinOneYear 2018-12-31 05636740 uk-core:ShareCapital 2018-12-31 05636740 uk-core:ShareCapital 2017-12-31 05636740 uk-core:RetainedEarningsAccumulatedLosses 2018-12-31 05636740 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 05636740 uk-bus:Director1 2018-01-01 2018-12-31 05636740 uk-core:FurnitureFittingsToolsEquipment 2018-01-01 2018-12-31 05636740 uk-core:WithinOneYear 2018-12-31 05636740 uk-core:WithinOneYear 2017-12-31 iso4217:GBP xbrli:pure 05636740 uk-bus:AuditExemptWithAccountantsReport 2018-01-01 2018-12-31 05636740 uk-bus:FRS102 2018-01-01 2018-12-31 05636740 uk-bus:FullAccounts 2018-01-01 2018-12-31 05636740 uk-bus:PrivateLimitedCompanyLtd 2018-01-01 2018-12-31
BBI Independent Financial Advisers Limited
Registered Number:05636740
For the year ended 31 December 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2018
BBI Independent Financial Advisers Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 December 2018
BBI Independent Financial Advisers Limited
Statement of Financial Position
Registered Number :
05636740
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
2,784
3,712
2
2,784
3,712
Current assets
Trade and other receivables
1,632
2,096
3
45,914
Cash and cash equivalents
82,715
84,811
47,546
Trade and other payables: amounts falling due within one
year
(21,614)
(29,643)
4
25,932
55,168
Net current assets
Total assets less current liabilities
57,952
29,644
-
(500)
Provisions for liabilities
57,952
Net assets
29,144
Capital and reserves
Called up share capital
200
200
Retained earnings
57,752
28,944
57,952
29,144
Shareholders' funds
For the year ended 31 December 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
D R Powell Director
These financial statements were approved and authorised for issue by the Board on 28 February 2019 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2018
BBI Independent Financial Advisers Limited
Notes to the Financial Statements
Statutory Information
BBI Independent Financial Advisers Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05636740.
Registered address:
28-29 New Road
Kidderminster
Worcestershire
DY10 1AF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Furniture and Fittings
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
At 01 January 2018
10,988
At 31 December 2018
10,988
Provision for depreciation and impairment
At 01 January 2018
7,276
Charge for year
928
At 31 December 2018
8,204
At 31 December 2018
Net book value
2,784
At 31 December 2017
3,712
2 of 3
5
For the year ended 31 December 2018
BBI Independent Financial Advisers Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2017
2018
£
£
Trade debtors
-
372
Prepayments and accrued income
2,096
1,260
1,632
2,096
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Bank loans and overdraft
7,622
6,114
Trade creditors
-
(1)
Taxation and social security
17,000
9,500
Accruals and deferred income
4,760
5,700
Directors' loan accounts
261
301
29,643
21,614
5. Average number of persons employed
During the year the average number of employees was 3 (2017 : 4)
3 of 3