Business Guydes Ltd - Accounts to registrar - small 17.1
Business Guydes Ltd - Accounts to registrar - small 17.1
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2016 |
FOR |
BUSINESS GUYDES LTD |
BUSINESS GUYDES LTD (REGISTERED NUMBER: 08212577) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2016 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BUSINESS GUYDES LTD |
COMPANY INFORMATION |
for the Year Ended 31 December 2016 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
1 Sheffield Road |
Southborough |
Tunbridge Wells |
Kent |
TN4 0PD |
BANKERS: |
Direct Business Banking |
PO Box 5479 |
1 Spinningfields Square |
Manchester |
M61 0NH |
BUSINESS GUYDES LTD (REGISTERED NUMBER: 08212577) |
BALANCE SHEET |
31 December 2016 |
2016 | 2015 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The director acknowledges his 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
BUSINESS GUYDES LTD (REGISTERED NUMBER: 08212577) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 December 2016 |
1. | STATUTORY INFORMATION |
Business Guydes Ltd is a |
company's registered number and registered office address can be found on the Company Information |
page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared on a going concern basis as a result of the director's |
agreement to subordinate the balance owed to him by the company in favour of the legitimate claims of |
all third party creditors. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery etc | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
except to the extent that it relates to items recognised in other comprehensive income or directly in |
equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been |
enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
expected to apply to the reversal of the timing difference. |
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. |
BUSINESS GUYDES LTD (REGISTERED NUMBER: 08212577) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 December 2016 |
3. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 January 2016 |
Additions |
At 31 December 2016 |
DEPRECIATION |
At 1 January 2016 |
Charge for year |
At 31 December 2016 |
NET BOOK VALUE |
At 31 December 2016 |
At 31 December 2015 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Corporation tax recoverable | - | 415 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Other creditors |
Director's loan account | 3,846 | 2,457 |
The director has agreed to subordinate the balance of £3,846 owed to him at 31 December 2016 in |
favour of the legitimate claims of all third party creditors incurred by the company in its ordinary course |
of business. |
6. | ULTIMATE CONTROLLING PARTY |
The controlling party is G J Schofield. |