BMX FINANCIAL SERVICES LIMITED Filleted accounts for Companies House (small and micro)

BMX FINANCIAL SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04887310

BMX FINANCIAL SERVICES LIMITED

Filleted Unaudited Financial Statements

30 September 2020

BMX FINANCIAL SERVICES LIMITED

Statement of Financial Position

30 September 2020

	2020		2019
Note	£	£	£

Current assets

Debtors	4	7,359	7,359
Cash at bank and in hand		14,421	13,492
		--------	--------
		21,780	20,851

Creditors: amounts falling due within one year	5	5,981		4,044
		--------		--------
Net current assets			15,799	16,807
			--------	--------
Total assets less current liabilities			15,799	16,807
			--------	--------
Net assets			15,799	16,807
			--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	15,798	16,806
	--------	--------
Shareholders funds	15,799	16,807
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 June 2021 , and are signed on behalf of the board by:

A Ackerman
Director

Company registration number: 04887310

BMX FINANCIAL SERVICES LIMITED

Notes to the Financial Statements

Year ended 30 September 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Halleswelle House, 1 Halleswelle Road, London, NW11 0DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

4. Debtors

	2020	2019
	£	£
Other debtors	7,359	7,359
	-------	-------

5. Creditors: amounts falling due within one year

	2020	2019
	£	£
Corporation tax	2,109	997
Other creditors	3,872	3,047
	-------	-------
	5,981	4,044
	-------	-------

6. Related party transactions

The company was under the control of Mr Ackerman throughout the current and previous year. Mr Ackerman is the sole director and shareholder.