B.c.s.holdings Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 00596393 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

B.C.S.HOLDINGS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C M Reevell

N L Reevell

Mrs A D Fontanarrosa

SECRETARY:

Mrs C M Reevell

REGISTERED OFFICE:

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

REGISTERED NUMBER:

00596393 (England and Wales)

ACCOUNTANTS:

McLintocks Limited

46 Hamilton Square

Birkenhead

Merseyside

CH41 5AR

FIXED ASSETS

Tangible assets

4

22,351

29,488

Investment property

5

986,000

986,000

1,008,351

1,015,488

CURRENT ASSETS

Debtors

6

1,661

1,479

Prepayments and accrued income

3,734

3,792

Cash at bank

97,610

74,821

103,005

80,092

CREDITORS

Amounts falling due within one year

7

66,737

72,342

NET CURRENT ASSETS

36,268

7,750

TOTAL ASSETS LESS CURRENT LIABILITIES

1,044,619

1,023,238

CREDITORS

Amounts falling due after more than one year

8

(3,974

)

(10,472

)

PROVISIONS FOR LIABILITIES

(142,662

)

(142,662

)

NET ASSETS

897,983

870,104

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

10

896,983

869,104

SHAREHOLDERS' FUNDS

897,983

870,104

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 July 2017 and were signed on its behalf by:

N L Reevell - Director

1.	STATUTORY INFORMATION

B.c.s.holdings Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the

Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents property rents receivable.

Tangible fixed assets

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

Motor vehicles

-

20% on cost

Computer equipment

-

10% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit

arising from changes in fair value is recognised in profit or loss.

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

have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

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

reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

34,130

3,117

37,247

DEPRECIATION

At 1 January 2016

6,826

933

7,759

Charge for year

6,826

311

7,137

At 31 December 2016

13,652

1,244

14,896

NET BOOK VALUE

At 31 December 2016

20,478

1,873

22,351

At 31 December 2015

27,304

2,184

29,488

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2016

and 31 December 2016

986,000

NET BOOK VALUE

At 31 December 2016

986,000

At 31 December 2015

986,000

Cost or valuation at 31 December 2016 is represented by:

£

Valuation in 1998

503,121

Valuation in 2008

173,949

Valuation in 2009

(189,600

)

Valuation in 2015

225,842

Cost

272,688

986,000

If the investment properties had not been revalued they would have been included at the

following historical cost:

2016

2015

£

£

Cost

272,688

272,688

Investment properties were valued on an open market basis on 31 December 2016 by the directors

.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

1,661

1,479

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

-

3,378

Hire purchase contracts

6,498

6,119

Taxation and social security

19,032

17,147

Other creditors

41,207

45,698

66,737

72,342

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Hire purchase contracts

3,974

10,472

9.	SECURED DEBTS

The following secured debts are included within creditors:

2016

2015

£

£

Bank loans

-

3,378

Hire purchase contracts

10,472

16,591

10,472

19,969

The bank loan is secured on the freehold properties of the company.

10.

RESERVES

Included in reserves are non-distributable reserves amounting to £570,650

11.	FIRST YEAR ADOPTION

These financial statements for the year ended 31 December 2016 are the first financial

statements that comply with FRS102. The transition to FRS102 has resulted in a small

change to accounting policies as detailed below.

The investment property was previously accounted for unger the FRSSE (effective January

2015), which required gains and losses on the property's open market value to be taken to a

revaluation reserve. The property is being measured at fair value under FRS 102 and fair

value gains and losses are reported in the profit and loss account. FRS102 also requires

deferred tax to be accounted for on assets that are subject to revaluation.

Consequently, deferred tax of £97,494 was recognised at 1 January 1015 to reflect the

provisions of FRS102. An additional provision for deferred tax has been recognised at 31

December 2015 amounting to £45,168. The gain on revaluation at 31 December 2015 has

been reported in the profit and loss account and the effect on the profit for the year ended 31

December 2015 is an increase in profit of £180,674