BWF Development Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06287768 (England and Wales)

Financial Statements

for the Year Ended 31 July 2019

for

BWF Development Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Walji

Dr N Merali

M Manji

M Asaria

M Versi

SECRETARY:

M Walji

REGISTERED OFFICE:

336 Pinner Road

Harrow

Middlesex

HA1 4LB

REGISTERED NUMBER:

06287768 (England and Wales)

ACCOUNTANTS:

Walji & Associates

336 Pinner Road

Harrow

HA1 4LB

FIXED ASSETS

Tangible assets

4

300

450

CURRENT ASSETS

Debtors

5

510,186

433,858

Cash at bank and in hand

2,022

12,025

512,208

445,883

CREDITORS

Amounts falling due within one year

6

586,862

534,633

NET CURRENT LIABILITIES

(74,654

)

(88,750

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(74,354

)

(88,300

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(74,454

)

(88,400

)

SHAREHOLDERS' FUNDS

(74,354

)

(88,300

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 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 Board of Directors and authorised for issue on 22 July 2020 and were signed on its behalf by:

M Walji - Director

M Manji - Director

1.	STATUTORY INFORMATION

BWF Development Company 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.

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 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.

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.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2018

and 31 July 2019

7,202

DEPRECIATION

At 1 August 2018

6,752

Charge for year

150

At 31 July 2019

6,902

NET BOOK VALUE

At 31 July 2019

300

At 31 July 2018

450

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Trade debtors

510,186

94,535

Other debtors

-

339,323

510,186

433,858

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.7.18

£

£

Trade creditors

54,705

18,694

Taxation and social security

4,818

-

Other creditors

527,339

515,939

586,862

534,633

7.	RELATED PARTY DISCLOSURES