Binkle Consulting Ltd - Period Ending 2019-03-31

Binkle Consulting Ltd

Annual Report and Unaudited Financial Statements
Period from 29 March 2018 to 31 March 2019

Registration number: 11282175

Binkle Consulting Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 6

Binkle Consulting Ltd

Company Information

Director

Dr S R Harrison

Registered office

The Old Post Office Rewe Exeter Devon EX5 4EU

Accountants

Francis Clark LLP Centenary House Peninsula Park Rydon Lane Exeter EX2 7XE

Page 1

Binkle Consulting Ltd

Balance Sheet

31 March 2019

	Note	2019 £
Current assets
Debtors	3	42
Cash at bank and in hand		2,000
		2,042
Creditors: Amounts falling due within one year	4	(865)
Net assets		1,177
Capital and reserves
Called up share capital		100
Profit and loss account		1,077
Total equity		1,177

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 2

Binkle Consulting Ltd

Balance Sheet

31 March 2019

For the financial period ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 22 January 2020
 

......................................... Dr S R Harrison Director

Company Registration Number: 11282175

The notes on pages 4 to 6 form an integral part of these financial statements.

Page 3

Binkle Consulting Ltd

Notes to the Financial Statements

Period from 29 March 2018 to 31 March 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Old Post Office
Rewe
Exeter
Devon
EX5 4EU

These financial statements were authorised for issue by the director on 22 January 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There are no material departures from FRS102.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Page 4

Binkle Consulting Ltd

Notes to the Financial Statements

Period from 29 March 2018 to 31 March 2019

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.




 

3

Debtors

	2019 £
Other debtors	42
	42

4

Creditors

Creditors: amounts falling due within one year

	2019 £
Due within one year
Corporation tax	265
Accrued expenses	600
	865

Page 5

Binkle Consulting Ltd

Notes to the Financial Statements

Period from 29 March 2018 to 31 March 2019

5	Share capital

Allotted, called up and fully paid shares

	2019
	No.	£
Ordinary share capital of £1 each	100	100

During the period 100 ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.

6	Related party transactions

Advances to directors

2019	At 29 March 2018 £	Advances to director £	Repayments by director £	At 31 March 2019 £
Dr S R Harrison
Interest free advance	-	100	(58)	42

Page 6