Best Intercontinental Trade Limited - Accounts to registrar (filleted) - small 18.2

Best Intercontinental Trade Limited - Accounts to registrar (filleted) - small 18.2

BEST INTERCONTINENTAL TRADE LIMITED - Company Information

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REGISTERED NUMBER: 06713808 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2021

for

Best Intercontinental Trade Limited
Best Intercontinental Trade Limited (Registered number: 06713808)






Contents of the Financial Statements
for the Year Ended 30 September 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Best Intercontinental Trade Limited

Company Information
for the Year Ended 30 September 2021







DIRECTOR: Mr L Gallucci





SECRETARY:





REGISTERED OFFICE: 1st Floor, 21-22 Grosvenor Street
London
W1K 4QJ





REGISTERED NUMBER: 06713808 (England and Wales)





ACCOUNTANTS: London Corporate Management Ltd.
Linen Hall
162-168 Regent Street
Room 252-254
London
W1B 5TB
Page 1
Best Intercontinental Trade Limited (Registered number: 06713808)

Balance Sheet
30 September 2021

30.9.21 30.9.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 122,685 122,685
122,685 122,685

CURRENT ASSETS
Stocks 6 106 5,634
Debtors 7 147,305 132,124
Investments 8 11,634 11,634
Cash at bank 21,597 36,445
180,642 185,837
CREDITORS
Amounts falling due within one year 9 30,184 29,492
NET CURRENT ASSETS 150,458 156,345
TOTAL ASSETS LESS CURRENT
LIABILITIES
273,143
279,030

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 273,043 278,930
SHAREHOLDERS' FUNDS 273,143 279,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 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 16 May 2022 and were signed by:





Mr L Gallucci - Director


The notes form part of these financial statements

Page 2
Best Intercontinental Trade Limited (Registered number: 06713808)

Notes to the Financial Statements
for the Year Ended 30 September 2021

1. STATUTORY INFORMATION

Best Intercontinental Trade 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.
Computer equipment - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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 NIL (2020 - NIL).

Page 3 continued...
Best Intercontinental Trade Limited (Registered number: 06713808)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2020
and 30 September 2021 1,522
DEPRECIATION
At 1 October 2020
and 30 September 2021 1,522
NET BOOK VALUE
At 30 September 2021 -
At 30 September 2020 -

5. FIXED ASSET INVESTMENTS

30.9.21 30.9.20
£    £   
Participating interests 13,487 13,487
Other loans 141,906 141,906
Own shares (32,708 ) (32,708 )
122,685 122,685

Additional information is as follows:
Interest
in Own
associate shares Totals
£    £    £   
COST
At 1 October 2020
and 30 September 2021 13,487 (32,708 ) (19,221 )
NET BOOK VALUE
At 30 September 2021 13,487 (32,708 ) (19,221 )
At 30 September 2020 13,487 (32,708 ) (19,221 )
Other
loans
£   
At 1 October 2020
and 30 September 2021 141,906

6. STOCKS
30.9.21 30.9.20
£    £   
Stocks 106 5,634

7. DEBTORS
30.9.21 30.9.20
£    £   
Amounts falling due within one year:
Trade debtors - 57
Amounts owed by participating interests 86,775 86,775
VAT 331 292
87,106 87,124

Page 4 continued...
Best Intercontinental Trade Limited (Registered number: 06713808)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021

7. DEBTORS - continued
30.9.21 30.9.20
£    £   
Amounts falling due after more than one year:
Other debtors 60,199 45,000

Aggregate amounts 147,305 132,124

8. CURRENT ASSET INVESTMENTS
30.9.21 30.9.20
£    £   
Current Asset Investments 11,634 11,634

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Other loans 28,292 28,292
Trade Creditors 692 -
Accrued expenses 1,200 1,200
30,184 29,492

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.21 30.9.20
value: £    £   
100 Ordinary £ 1 100 100

11. RESERVES
Retained
earnings
£   

At 1 October 2020 278,930
Deficit for the year (5,887 )
At 30 September 2021 273,043

Page 5