BILLING ASSOCIATES LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03677852

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

BILLING ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N A H Billing

REGISTERED OFFICE:

c/o SCH Consultancy Limited

3000 Hillswood Drive

Hillswood Business Park

Chertsey

Surrey

KT16 0RS

REGISTERED NUMBER:

03677852

ACCOUNTANTS:

SCH Consultancy Limited

3000 Hillswood Drive

Hillswood Business Park

Chertsey

Surrey

KT16 0RS

FIXED ASSETS

Investments

3

102

102

CURRENT ASSETS

Debtors

4

77,359

77,359

Cash at bank

619

195

77,978

77,554

CREDITORS

Amounts falling due within one year

5

(214,548

)

(183,325

)

NET CURRENT LIABILITIES

(136,570

)

(105,771

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(136,468

)

(105,669

)

CAPITAL AND RESERVES

Called up share capital

202

202

Retained earnings

(136,670

)

(105,871

)

SHAREHOLDERS' FUNDS

(136,468

)

(105,669

)

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

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 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 applicable to companies subject to the small companies regime.

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 6 September 2019 and were signed by:

N A H Billing - Director

1.	STATUTORY INFORMATION

BILLING ASSOCIATES LIMITED is a private company, limited by shares , registered in Not specified/Other. 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.

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.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2018

and 31 December 2018

102

NET BOOK VALUE

At 31 December 2018

102

At 31 December 2017

102

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Other debtors

77,359

77,359

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Taxation and social security

1

1,428

Other creditors

214,547

181,897

214,548

183,325

6.	CONTROLLING PARTY

The controlling party is N A H Billing.