Company Registration No. 07085603 (England and Wales)
BPZ LTD
Unaudited accounts
for the year ended 31 October 2020
BPZ LTD
Unaudited accounts
Contents
BPZ LTD
Company Information
for the year ended 31 October 2020
Company Number
07085603 (England and Wales)
Registered Office
Unit 227 Canalot Studios Kensal Road
London
UK
W10 5BN
United kingdom
Accountants
Annette & Co.
28 Kittlegairy Crescent
Peebles
EH45 9NJ
BPZ LTD
Statement of financial position
as at 31 October 2020
Cash at bank and in hand
30,752
15,028
Creditors: amounts falling due within one year
(8,157)
(17,581)
Net current assets
29,149
12,688
Total assets less current liabilities
29,843
14,717
Creditors: amounts falling due after more than one year
(19,711)
-
Called up share capital
1
1
Profit and loss account
10,131
14,716
Shareholders' funds
10,132
14,717
For the year ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 July 2021 and were signed on its behalf by
Marcus Adeyeye
Director
Company Registration No. 07085603
BPZ LTD
Notes to the Accounts
for the year ended 31 October 2020
BPZ LTD is a private company, limited by shares, registered in England and Wales, registration number 07085603. The registered office is Unit 227 Canalot Studios Kensal Road, London, UK, W10 5BN, United kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Straight line Method
Computer equipment
33.33% Straight line Method
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
BPZ LTD
Notes to the Accounts
for the year ended 31 October 2020
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2019
6,771
4,623
11,394
At 31 October 2020
6,771
5,487
12,258
At 1 November 2019
5,677
3,688
9,365
Charge for the year
1,016
1,183
2,199
At 31 October 2020
6,693
4,871
11,564
At 31 October 2020
78
616
694
At 31 October 2019
1,094
935
2,029
5
Debtors: amounts falling due within one year
2020
2019
Trade debtors
5,223
13,910
Accrued income and prepayments
1,331
1,331
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
1,653
4,821
Other creditors
2,454
2,187
Loans from directors
81
10,073
7
Creditors: amounts falling due after more than one year
2020
2019
Allotted, called up and fully paid:
1 Marcus Adeyeye of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 1 (2019: 1).
