Accounts

	BISMILLAH GARAGE SERVICES LIMITED
	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 APRIL 2019

	BISMILLAH GARAGE SERVICES LIMITED
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 APRIL 2019
	DIRECTORS
	G Ahmed
	H Ahmed
	SECRETARY
	G Ahmed
	REGISTERED OFFICE
	6 Bedford Road Barton-le-Clay Bedfordshire MK45 4JU
	COMPANY REGISTERED NUMBER
	09567886
	BANKERS
	National Westminster Bank plc
	ACCOUNTANTS
	Needham Hall & Co
	Chartered Accountants
	6 Bedford Road Barton-le-Clay Bedfordshire MK45 4JU

	page 1

	BISMILLAH GARAGE SERVICES LIMITED
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 APRIL 2019
	CONTENTS
	Pages
	3	Statement of Financial Position
	4-6	Notes to the Financial Statements

	page 2

	BISMILLAH GARAGE SERVICES LIMITED
	Company registered number: 09567886
	STATEMENT OF FINANCIAL POSITION AT 30 April 2019
		Note	2019		2018
			£	£	£
	FIXED ASSETS
	Property, plant and equipment	2		6,578	2,887
	CURRENT ASSETS
	Debtors	3	11,689		1,672
	Cash at bank and in hand		94,293		62,047
			105,982		63,719
	CREDITORS: Amounts falling due within one year	4	30,540		26,636
	NET CURRENT ASSETS			75,442	37,083
	NET ASSETS			£82,020	£39,970
	CAPITAL AND RESERVES
	Called up share capital			20	20
	Retained earnings			82,000	39,950
	SHAREHOLDERS' FUNDS			£82,020	£39,970

	In approving these financial statements as directors of the company we hereby confirm the following:
	For the year in question the company was entitled to exemption 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 30 April 2019 in accordance with section 476 of the Companies Act 2006.
	The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
	These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
	In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
	The financial statements were approved and authorised for issue by the board of directors on 19 September 2019
	Signed on behalf of the board of directors
	G Ahmed, Director

	The notes on pages 4-6 form part of these financial statements
	page 3

	BISMILLAH GARAGE SERVICES LIMITED
	NOTES TO THE ACCOUNTS
	FOR THE YEAR ENDED 30 APRIL 2019

1.	SIGNIFICANT ACCOUNTING POLICIES

1a.	Statement of compliance
	Bismillah Garage Services Limited is a private limited company incorporated in England and Wales.
	Registered office:
	6 Bedford Road Barton-le-Clay Bedfordshire MK45 4JU
	These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 May 2018.
	The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. 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" and the Companies Act 2006.

	Basis of accounting
	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.

1c.	Revenue recognition
	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

1d.	Taxation
	Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

1e.	Property, plant and equipment
	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
	Fixtures and fittings	Reducing balance 25%
	Equipment	Reducing balance 25%

1f.	Short term debtors and creditors
	Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.

	The notes on pages 4-6 form part of these financial statements
	page 4

	BISMILLAH GARAGE SERVICES LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 30 APRIL 2019

1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)

1g.	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.

1h.	Discontinued operations
	A discontinued operation is a component of the Company's business, the operations and cash flows of which can be clearly distinguished from the rest of the Company and which represents a separate major line of business or geographical area of operations, or is part of a signal coordinated disposal of a separate major line of business or geographical area of operations, or is a subsidiary acquired exclusively with a review to resale.

1i.	Provisions
	Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

1j.	Judgements and key sources of estimation uncertainty
	In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:

	The notes on pages 4-6 form part of these financial statements
	page 5

	BISMILLAH GARAGE SERVICES LIMITED
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 30 APRIL 2019

2.	PROPERTY, PLANT AND EQUIPMENT
		Plant &	Fixtures &
		Machinery	Equipment	Total
		£	£	£
	Cost
	At 1 May 2018	890	5,255	6,145
	Additions other than through business combinations	4,000	1,885	5,885
	At 30 April 2019	4,890	7,140	12,030
	Depreciation
	At 1 May 2018	389	2,869	3,258
	For the year	1,126	1,068	2,194
	At 30 April 2019	1,515	3,937	5,452
	Net Book Amounts
	At 30 April 2019	3,375	3,203	6,578
	At 30 April 2018	501	2,386	2,887

3.	DEBTORS	2019	2018
		£	£
	Other debtors	11,689	1,672
		£11,689	£1,672

4.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2019	2018
		£	£
	Trade creditors	7,658	7,247
	Corporation tax	12,918	10,378
	Other taxes and social security	6,307	7,606
	Other creditors	2,357	105
	Accruals and deferred income	1,300	1,300
		£30,540	£26,636

	The notes on pages 4-6 form part of these financial statements
	page 6