B I S H T A Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06187479 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

B I S H T A LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Hayes

P J Grinnall

D R Davies

SECRETARY:

P Thorpe

REGISTERED OFFICE:

4 Eastgate House

Eastgate Street

Andover

Hampshire

SP10 1EP

REGISTERED NUMBER:

06187479 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

CURRENT ASSETS

Stocks

220

220

Debtors

4

14,320

12,501

Cash at bank

35,269

38,280

49,809

51,001

CREDITORS

Amounts falling due within one year

5

13,841

15,521

NET CURRENT ASSETS

35,968

35,480

TOTAL ASSETS LESS CURRENT LIABILITIES

35,968

35,480

RESERVES

Income and expenditure account

35,968

35,480

35,968

35,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 surplus or deficit 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 14 June 2022 and were signed on its behalf by:

C Hayes - Director

1.	STATUTORY INFORMATION

B I S H T A Limited is a private company, limited by guarantee , 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 3 (2021 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

3,457

3,789

VAT

6,027

4,158

Prepayments and accrued income

4,836

4,554

14,320

12,501

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

12,033

13,718

Tax

1

1

Accruals and deferred income

1,807

1,802

13,841

15,521

6.	ULTIMATE CONTROLLING PARTY

No single person or entity controls the company.

7.	SHARE CAPITAL

The company is limited by guarantee and does not have a share capital. In the event of the company being wound up and unable to meet its debts, the maximum liability of its members is £10 per member.

8.	MONIES HELD ON BEHALF OF THIRD PARTIES

Stakeholder account - The company administers a stakeholder account which is used to deposit customers' monies in advance of work being completed and payment being agreed. The amount deposited in the account at the balance sheet date was £nil (2021: £1,000).

The funds in this account do not belong to the company and neither are they available for the company to use. Accordingly they are not disclosed in the balance sheet as an asset of the company.