Bestland Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04717455 (England and Wales)

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

BESTLAND SOLUTIONS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J A Gilbert

REGISTERED OFFICE:

Redington Court

69 Church Road

Hove

East Sussex

BN3 2BB

REGISTERED NUMBER:

04717455 (England and Wales)

ACCOUNTANTS:

Simon Winnard & Company

Redington Court

69 Church Road

Hove

East Sussex

BN3 2BB

FIXED ASSETS

Tangible assets

4

8,553

11,740

Investments

5

51

51

8,604

11,791

CURRENT ASSETS

Debtors

662,403

644,736

Cash at bank and in hand

3,224

54,037

665,627

698,773

CREDITORS

Amounts falling due within one year

294,999

186,848

NET CURRENT ASSETS

370,628

511,925

TOTAL ASSETS LESS CURRENT LIABILITIES

379,232

523,716

CREDITORS

Amounts falling due after more than one year

(81,766

)

(98,597

)

PROVISIONS FOR LIABILITIES

(338

)

-

NET ASSETS

297,128

425,119

CAPITAL AND RESERVES

Called up share capital

152

152

Capital redemption reserve

48

48

Retained earnings

296,928

424,919

SHAREHOLDERS' FUNDS

297,128

425,119

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

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 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 January 2020 and were signed by:

J A Gilbert - Director

1.	STATUTORY INFORMATION

Bestland Solutions 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, net of discounts and value

added tax. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of

services is recognised by reference to the stage of completion of the contract. The state of completion of the

contract is measured by comparing the costs incurred for work performed to date to the total estimated contract

costs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Office equipment

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2018 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2018

42,771

Additions

1,089

At 30 April 2019

43,860

DEPRECIATION

At 1 May 2018

31,031

Charge for year

4,276

At 30 April 2019

35,307

NET BOOK VALUE

At 30 April 2019

8,553

At 30 April 2018

11,740

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 May 2018

and 30 April 2019

51

NET BOOK VALUE

At 30 April 2019

51

At 30 April 2018

51

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end of 30 April 2019, the director had an overdrawn loan balance of £287,026, of which £141,850

was repaid on 31 December 2019. Interest has been charged at the HMRC official rate of interest on this loan.