B2B Contact Limited - Accounts to registrar (filleted) - small 18.2
B2B Contact Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2019 |
| FOR |
| B2B CONTACT LIMITED |
| B2B CONTACT LIMITED (REGISTERED NUMBER: 10415221) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| B2B CONTACT LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 34 Lower Richmond Road |
| Putney |
| London |
| SW15 1JP |
| B2B CONTACT LIMITED (REGISTERED NUMBER: 10415221) |
| BALANCE SHEET |
| 31 OCTOBER 2019 |
| 31.10.19 | 31.10.18 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 6 |
| 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. |
| 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 on its behalf by: |
| B2B CONTACT LIMITED (REGISTERED NUMBER: 10415221) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 1. | STATUTORY INFORMATION |
| B2B Contact Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| 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 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.19 | 31.10.18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| B2B CONTACT LIMITED (REGISTERED NUMBER: 10415221) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.19 | 31.10.18 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 6. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 November 2018 |
| Profit for the year |
| At 31 October 2019 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 October 2019 and |
| 31 October 2018: |
| 31.10.19 | 31.10.18 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) | ( |
) |
| It is confirmed that the director’s current accounts are debited with personal transactions and credited with director’s |
| remuneration as well as dividends. |
| The loans are unsecured, interest free and no repayment terms have been agreed. |
| B2B CONTACT LIMITED (REGISTERED NUMBER: 10415221) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 8. | RELATED PARTY DISCLOSURES |
| It is confirmed that Miracle Communications (Pty) Ltd is a related party and there is a loan repayable from Miracle |
| Communications (Pty) Ltd to B2B Contact Limited with a balance of £305,025. (2018: £278,319). |
| It is confirmed that this loan is unsecured, bears interest at market-related rates and is repayable on demand. |
| It is also confirmed that CXP is a related party and there is a loan repayable to CXP from B2B Contact Limited with |
| a balance of £14,220. (2018: NIL). |
| It is confirmed that this loan is unsecured, interest free and is repayable on demand. |
| 9. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Mr D Muil and Mr B Muil who each own 50% of the share capital. |