ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

BULA CASTAWAY LIMITED - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2021-03-312021-03-31No description of principal activity2020-02-260false0truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12485376 2020-02-25 12485376 2020-02-26 2021-03-31 12485376 2019-02-26 2020-02-25 12485376 2021-03-31 12485376 c:Director1 2020-02-26 2021-03-31 12485376 d:CurrentFinancialInstruments 2021-03-31 12485376 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 12485376 d:ShareCapital 2021-03-31 12485376 d:RetainedEarningsAccumulatedLosses 2021-03-31 12485376 c:FRS102 2020-02-26 2021-03-31 12485376 c:AuditExempt-NoAccountantsReport 2020-02-26 2021-03-31 12485376 c:FullAccounts 2020-02-26 2021-03-31 12485376 c:PrivateLimitedCompanyLtd 2020-02-26 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 12485376










BULA CASTAWAY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2021
 
BULA CASTAWAY LIMITED
REGISTERED NUMBER: 12485376

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2021

2021
Note
£

  

Current assets
  

Stocks
  
120,000

Debtors: amounts falling due within one year
 4 
21,601

  
141,601

Creditors: amounts falling due within one year
 5 
(142,260)

Net current (liabilities)/assets
  
 
 
(659)

Total assets less current liabilities
  
(659)

  

Net (liabilities)/assets
  
(659)


Capital and reserves
  

Called up share capital 
  
1

Profit and loss account
  
(660)

  
(659)


Page 1
 
BULA CASTAWAY LIMITED
REGISTERED NUMBER: 12485376
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question 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 financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






A Kamm
Director

Date: 23 November 2021

The notes on pages 3 to 4 form part of these financial statements.

Page 2
 
BULA CASTAWAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2021

1.


General information

Bula Castaway Limited (12485376) is a private company limited by shares and incorporated in England and Wales. Its registered office is Langborough House, Beales Lane, Wrecclesham, Farnham, Surrey, GU10 4PY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

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.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.

The average monthly number of employees during the period was 0.

Page 3
 
BULA CASTAWAY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2021

4.


Debtors

2021
£


Other debtors
21,600

Called up share capital not paid
1

21,601



5.


Creditors: Amounts falling due within one year

2021
£

Amounts owed to group undertakings
141,780

Accruals and deferred income
480

142,260


 
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