| BULL DIRECT LTD |
| Accountants' Report |
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| Accountants' report to the director of |
| BULL DIRECT LTD |
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| You consider that the company is exempt from an audit for the period ended 30 April 2016. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial period and of its profit or loss for the financial period. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
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| ARITHMETICS ACCOUNTANTS |
| Certified Accountants and Tax Advisors |
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| 389C HIGH ROAD |
| WOOD GREEN |
| LONDON |
| N22 8JA |
|
| 11 January 2017 |
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| BULL DIRECT LTD |
| Notes to the Accounts |
| for the period from 30 April 2015 to 30 April 2016 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts . Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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| 2 |
Creditors: amounts falling due within one year |
2016 |
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| £ |
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Trade creditors |
2,443 |
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Corporation tax |
951 |
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Other creditors |
499 |
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3,893 |
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| 3 |
Controlling party |
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Ultimate controlling party is Mr Nathan Abel as director and sole shareholder throughout the current period. |
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| 4 |
Other information |
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BULL DIRECT LTD is a private company limited by shares and incorporated in England. Its registered office is: |
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389C HIGH ROAD |
|
WOODGREEN |
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LONDON |
|
N22 8JA |
