Beating Rhythm Manchester Limited Accounts

BEATING RHYTHM MANCHESTER LIMITED - Company Information






Beating Rhythm Manchester Limited

	Company No. 02833342
		Information for Filing with The Registrar
			For the year Ended
		29 November 2020

at	29 November 2020
Company No.		02833342	Notes	2020	2019
				£	£
Fixed assets

	Tangible assets		4	-	-



Current assets

	Debtors		5	-	31,785

	Cash at bank and in hand			1,257	390
				1,257	32,175
Creditors: Amount falling due within one year			6	(139,628)	(151,191)
Net current liabilities				(138,371)	(119,016)
Total assets less current liabilities				(138,371)	(119,016)

Provisions for liabilities
	Deferred taxation		8	-	-

Net liabilities				(138,371)	(119,016)

Capital and reserves
	Called up share capital		7	2	2



	Profit and loss account		9	(138,373)	(119,018)

Total equity				(138,371)	(119,016)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the period ended 29 November 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 03 November 2021
And signed on its behalf by:
D.J. Mead
Director
03 November 2021

for the period ended 29 November 2020

General information

Its registered number is: 02833342

Its registered office is:

3 High Street

Aldershot

Hampshire

GU11 1BH

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Going concern

At the balance sheet date, the company had net liabilities of £138,371 (2019 : £119,016). The ability of the company to continue trading is dependent on the continued support of the directors and the company’s creditors. The directors are of the opinion that the company will continue to receive this support and on this basis considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of support by the directors and the creditors of the company.

Accounting policies

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation
and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to
determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2020	2019
			Number	Number
		The average monthly number of employees (including directors) during the period:	1	1

4	Tangible fixed assets
			Fixtures, fittings and equipment	Total
			£	£
		Cost or revaluation
		At 1 December 2019	602	602



		Disposals	(602)	(602)
		At 29 November 2020	-	-
		Depreciation
		At 1 December 2019	602	602



		Disposals	(602)	(602)
		At 29 November 2020	-	-
		Net book values
		At 29 November 2020	-	-
		At 30 November 2019	-	-

5	Debtors
			2020	2019
			£	£



		Deferred tax asset	-	22,868


		Other debtors	-	7,817
		Rental Deposit	-	1,100
			-	31,785

6	Creditors:
		amounts falling due within one year
			2020	2019
			£	£




		Trade creditors	326	8,285
		Amounts owed to group undertakings	44,010	39,475


		Loans from directors	94,800	101,507

		Accruals and deferred income	492	1,924
			139,628	151,191

7	Share Capital
			2020	2019
			£	£
		2 ordinary shares of £1 each	2	2
			2	2

8	Provisions for liabilities
		Deferred taxation

			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 December 2019	(22,868)	(22,868)
		Charge to the profit and loss account for the period	22,868	22,868



		Deferred tax asset (see note 5)

			2020	2019
			£	£

		Tax losses	-	(22,868)


			-	(22,868)

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.