Bsr London Limited - Accounts to registrar (filleted) - small 18.2

Bsr London Limited - Accounts to registrar (filleted) - small 18.2

BSR LONDON LIMITED - Company Information

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BSR LONDON LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2020





Akshar & Company
Chartered Accountants
221 Kenton Lane
Harrow
Middlesex
HA3 8RP








BSR LONDON LIMITED (REGISTERED NUMBER: 09947385)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BSR LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2020







DIRECTOR: R Ramana





REGISTERED OFFICE: 221 Kenton Lane
Harrow
HA3 8RP





REGISTERED NUMBER: 09947385 (England and Wales)





ACCOUNTANTS: Akshar & Company
Chartered Accountants
221 Kenton Lane
Harrow
Middlesex
HA3 8RP
Page 1
BSR LONDON LIMITED (REGISTERED NUMBER: 09947385)

BALANCE SHEET
28 FEBRUARY 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 192,895 216,395
Tangible assets 5 89,318 58,586
282,213 274,981

CURRENT ASSETS
Debtors 6 - 35,112
Cash at bank and in hand 54,990 8,279
54,990 43,391
CREDITORS
Amounts falling due within one year 7 55,341 47,218
NET CURRENT LIABILITIES (351 ) (3,827 )
TOTAL ASSETS LESS CURRENT LIABILITIES 281,862 271,154

CREDITORS
Amounts falling due after more than one year 8 237,389 259,748
NET ASSETS 44,473 11,406

CAPITAL AND RESERVES
Called up share capital 9 9
Retained earnings 44,464 11,397
44,473 11,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2020 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 notes form part of these financial statements

Page 2 continued...
BSR LONDON LIMITED (REGISTERED NUMBER: 09947385)

BALANCE SHEET - continued
28 FEBRUARY 2020


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 director and authorised for issue on 22 February 2021 and were signed by:





R Ramana - Director


The notes form part of these financial statements

Page 3
BSR LONDON LIMITED (REGISTERED NUMBER: 09947385)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2020

1. STATUTORY INFORMATION

Bsr London 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance and Straight line over 4 years

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.

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 18 (2019 - 23 ) .

Page 4 continued...
BSR LONDON LIMITED (REGISTERED NUMBER: 09947385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2020

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2019
and 28 February 2020 235,000
AMORTISATION
At 1 March 2019 18,605
Charge for year 23,500
At 28 February 2020 42,105
NET BOOK VALUE
At 28 February 2020 192,895
At 28 February 2019 216,395

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2019 71,862
Additions 51,827
At 28 February 2020 123,689
DEPRECIATION
At 1 March 2019 13,276
Charge for year 21,095
At 28 February 2020 34,371
NET BOOK VALUE
At 28 February 2020 89,318
At 28 February 2019 58,586

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors - 35,112

Page 5 continued...
BSR LONDON LIMITED (REGISTERED NUMBER: 09947385)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2020

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 25,784 20,000
Trade creditors 1 -
Taxation and social security 26,728 20,236
Other creditors 2,828 6,982
55,341 47,218

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£    £   
Bank loans 237,389 259,748

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 237,389 259,748

Page 6