Burn the Sky Limited - Accounts to registrar (filleted) - small 18.2

Burn the Sky Limited - Accounts to registrar (filleted) - small 18.2

BURN THE SKY LIMITED - Company Information

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REGISTERED NUMBER: 10626923 (England and Wales)













FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2019 TO 31 MARCH 2019

FOR

BURN THE SKY LIMITED
BURN THE SKY LIMITED (REGISTERED NUMBER: 10626923)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2019 TO 31 MARCH 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BURN THE SKY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2019 TO 31 MARCH 2019







DIRECTORS: R Thurner
Mrs S Thurner





REGISTERED OFFICE: North Green
The Green
Datchet
Slough
Berkshire
SL3 9JH





REGISTERED NUMBER: 10626923 (England and Wales)





ACCOUNTANTS: Harlows Accountants
Lexham House Forest Road
Binfield
Bracknell
Berkshire
RG42 4HP
Page 1
BURN THE SKY LIMITED (REGISTERED NUMBER: 10626923)

BALANCE SHEET
31 MARCH 2019

31/3/19 31/12/18
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 38,989 44,367
Tangible assets 5 1,110 1,337
40,099 45,704

CURRENT ASSETS
Debtors 6 26,899 28,019
Cash at bank 2,620 1,686
29,519 29,705
CREDITORS
Amounts falling due within one year 7 67,131 71,102
NET CURRENT LIABILITIES (37,612 ) (41,397 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,487
4,307

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,387 4,207
2,487 4,307

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

The members have not required the company to obtain an audit of its financial statements for the period 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 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 notes form part of these financial statements

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BALANCE SHEET - continued
31 MARCH 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the period ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 31 December 2019 and were signed on its behalf
by:





R Thurner - Director


The notes form part of these financial statements

Page 3
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2019 TO 31 MARCH 2019

1. STATUTORY INFORMATION

Burn the Sky Limited 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 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.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, 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 period 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 period was 2 (2018 - 2 ) .

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NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2019 TO 31 MARCH 2019

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2019
and 31 March 2019 53,778
AMORTISATION
At 1 January 2019 9,411
Charge for period 5,378
At 31 March 2019 14,789
NET BOOK VALUE
At 31 March 2019 38,989
At 31 December 2018 44,367

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2019 1,839
Additions 109
At 31 March 2019 1,948
DEPRECIATION
At 1 January 2019 502
Charge for period 336
At 31 March 2019 838
NET BOOK VALUE
At 31 March 2019 1,110
At 31 December 2018 1,337

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/19 31/12/18
£    £   
Trade Debtors 26,899 21,019
Directors' Loan - 7,000
26,899 28,019

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BURN THE SKY LIMITED (REGISTERED NUMBER: 10626923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2019 TO 31 MARCH 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/19 31/12/18
£    £   
Bank loans and overdrafts 7,099 14,917
Trade Creditors 4,829 1,799
Credit Card Creditor 492 885
Corporation Tax 49,328 46,319
VAT 1,655 4,347
Directors' Current Accounts 2,528 425
Accrued Expenses 1,200 2,410
67,131 71,102

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