eBees Solutions Limited - Limited company accounts 16.3

REGISTERED NUMBER: 09272316 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 October 2016

for

Ebees Solutions Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

W Ahmad

REGISTERED OFFICE:

1st Floor, Unit 1

Beacontree Plaza

Gillette Way

Reading

Berkshire

RG2 0BS

REGISTERED NUMBER:

09272316 (England and Wales)

ACCOUNTANTS:

SJD Accountancy

3000 Cathedral Hill

Guildford

Surrey

GU2 7YB

The director presents his report with the financial statements of the company for the year ended 31 October 2016.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of IT Consultancy

DIRECTOR

W Ahmad held office during the whole of the period from 1 November 2015 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

W Ahmad - Director

19 June 2017

TURNOVER

83,388

52,950

Administrative expenses

15,336

16,331

OPERATING PROFIT

2

68,052

36,619

Interest receivable and similar income

4

-

PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION

68,056

36,619

Tax on profit on ordinary activities

3

13,528

7,354

PROFIT FOR THE FINANCIAL YEAR

54,528

29,265

FIXED ASSETS

Tangible assets

5

417

350

CURRENT ASSETS

Cash at bank

26,336

9,586

CREDITORS

Amounts falling due within one year

6

22,900

9,841

NET CURRENT ASSETS/(LIABILITIES)

3,436

(255

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,853

95

PROVISIONS FOR LIABILITIES

7

-

70

NET ASSETS

3,853

25

CAPITAL AND RESERVES

Called up share capital

8

10

10

Profit and loss account

9

3,843

15

SHAREHOLDERS' FUNDS

3,853

25

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

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

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.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 19 June 2017 and were signed by:

W Ahmad - 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.

Tangible fixed assets

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

Plant and machinery etc

-

50% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

Period

20.10.14

Year Ended

to

31.10.16

31.10.15

£

£

Depreciation - owned assets

418

350

Formation costs

-

150

Director's remuneration and other benefits etc

9,339

9,280

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

Period

20.10.14

Year Ended

to

31.10.16

31.10.15

£

£

Current tax:

UK corporation tax

13,598

7,284

Deferred tax

(70

)

70

Tax on profit on ordinary activities

13,528

7,354

4.

DIVIDENDS

Period

20.10.14

Year Ended

to

31.10.16

31.10.15

£

£

Ordinary shares of £1 each

Interim

50,700

29,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2015

700

Additions

485

At 31 October 2016

1,185

DEPRECIATION

At 1 November 2015

350

Charge for year

418

At 31 October 2016

768

NET BOOK VALUE

At 31 October 2016

417

At 31 October 2015

350

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.16

31.10.15

£

£

Trade creditors

(1

)

-

Taxation and social security

13,598

7,284

Other creditors

9,303

2,557

22,900

9,841

7.	PROVISIONS FOR LIABILITIES

31.10.16

31.10.15

£

£

Deferred tax

-

70

Deferred

tax

£

Balance at 1 November 2015

70

Accelerated capital allowance

(70

)

Balance at 31 October 2016

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

£

10

Ordinary

£1

10

10

9.

RESERVES

Profit

and loss

account

£

At 1 November 2015

15

Profit for the year

54,528

Dividends

(50,700

)

At 31 October 2016

3,843

10.	ULTIMATE CONTROLLING PARTY

The controlling party is W Ahmad.

The ultimate controlling party is W Ahmad.