BNET Ultra Limited - Period Ending 2019-12-31

BNET Ultra Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 5

BNET Ultra Limited

Company Information

Directors

Mr D R A Cullen Mr D A S Baythorpe Mr G L Phelps

Registered office

Elm House Farm Saighton Lane Saighton Chester Cheshire CH3 6EN

Accountants

Abrams Ashton Ltd Chartered Accountants 7 Waterside Court St. Helens Merseyside WA9 1UA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
BNET Ultra Limited
for the Year Ended 31 December 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of BNET Ultra Limited for the year ended 31 December 2019 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of BNET Ultra Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of BNET Ultra Limited and state those matters that we have agreed to state to the Board of Directors of BNET Ultra Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BNET Ultra Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that BNET Ultra Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of BNET Ultra Limited. You consider that BNET Ultra Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of BNET Ultra Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Abrams Ashton Ltd
Chartered Accountants
7 Waterside Court
St. Helens
Merseyside
WA9 1UA

23 December 2020

BNET Ultra Limited

(Registration number: 09827684)
Balance Sheet as at 31 December 2019

	Note	2019 £	2018 £
Current assets
Debtors	4	24,751	-
Cash at bank and in hand		2	2
		24,753	2
Creditors: Amounts falling due within one year	5	(43,045)	-
Net (liabilities)/assets		(18,292)	2
Capital and reserves
Called up share capital		2	2
Profit and loss account		(18,294)	-
Shareholders' (deficit)/funds		(18,292)	2

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

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 December 2020 and signed on its behalf by:
 

.........................................

Mr D A S Baythorpe
Director

BNET Ultra Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
Elm House Farm Saighton Lane
Saighton
Chester
Cheshire
CH3 6EN
United Kingdom

These financial statements were authorised for issue by the Board on 23 December 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.

Basis of preparation

These financial statements have been prepared using the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the entity.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2018 - 0).

4

Debtors

	2019 £	2018 £
Trade debtors	21,236	-
Other debtors	3,515	-
	24,751	-

BNET Ultra Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2019

5

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Due within one year
Trade creditors	43,045	-

6	Parent and ultimate parent undertaking

The company's immediate parent is ITS Technology Group Limited, incorporated in England and Wales.

 The ultimate parent is ITS Holdco Limited, incorporated in England and Wales.

  These financial statements are available upon request from Elm House Farm, Saighton Lane, Saighton, Chester, CH3 6EN.

 

7	Going Concern

Although the financial statements show current and net liabilities of £18,292 the directors are of the opinion that the financial statements should be prepared on the going concern basis on the grounds that they and the parent company will continue to support the company and that the company will trade profitably in the future.