Business Continuity Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC150072

BUSINESS CONTINUITY SERVICES LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

46,668

42,256

46,668

42,256

CURRENT ASSETS

Stocks

72,800

58,522

Debtors

158,704

121,852

Cash at bank and in hand

390,337

127,474

621,841

307,848

CREDITORS

Amounts falling due within one year

209,811

174,480

NET CURRENT ASSETS

412,030

133,368

TOTAL ASSETS LESS CURRENT
LIABILITIES

458,698

175,624

PROVISIONS FOR LIABILITIES

3,257

2,893

NET ASSETS

455,441

172,731

CAPITAL AND RESERVES

Called up share capital

4

12,600

Profit and loss account

442,841

160,131

SHAREHOLDERS' FUNDS

455,441

172,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 November 2016 and were signed on its behalf
by:

W Wilson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. The company's policy is to

recognise a sale when substantively all the risks and rewards in connection with the services have been passed to

the buyer.

Intangible fixed assets

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development

expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial and

financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the

period from which the company is expected to benefit.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in

respect of all timing differences that have originated but not reversed at the balance sheet date. However,

deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that

there will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in

the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted

at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

314,251

AMORTISATION

At 1 April 2015

and 31 March 2016

314,251

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

125,300

Additions

33,515

Disposals

(29,000

)

At 31 March 2016

129,815

DEPRECIATION

At 1 April 2015

83,044

Charge for year

9,623

Eliminated on disposal

(9,520

)

At 31 March 2016

83,147

NET BOOK VALUE

At 31 March 2016

46,668

At 31 March 2015

42,256

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

12,600

Ordinary

£1

12,600