Accounts Submission

Company Accounts and Tax Online 09187596 Board of Directors 1.1.16 31.12.16 31.12.16 false iso4217:GBP xbrli:pure 09187596 2014-08-22 2015-12-31 09187596 2016-12-31 09187596 2016-01-01 2016-12-31 09187596 2015-12-31 09187596 countries:EnglandWales 2016-01-01 2016-12-31 09187596 curr:PoundSterling 2016-01-01 2016-12-31 09187596 uk-bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31 09187596 uk-bus:FRS102 2016-01-01 2016-12-31 09187596 uk-bus:AuditExempt-NoAccountantsReport 2016-01-01 2016-12-31 09187596 uk-bus:FullAccounts 2016-01-01 2016-12-31 09187596 uk-bus:RegisteredOffice 2016-01-01 2016-12-31 09187596 uk-bus:Director1 2016-01-01 2016-12-31 09187596 uk-bus:Director1 2016-01-01 09187596 uk-bus:Director1 2016-12-31 09187596 core:AfterOneYear 2016-12-31 09187596 core:AfterOneYear 2015-12-31 09187596 core:WithinOneYear 2016-12-31 09187596 core:WithinOneYear 2015-12-31 09187596 core:WithinOneYear 2016-01-01 2016-12-31 09187596 core:AfterOneYear 2016-12-31 09187596 core:AfterOneYear 2015-12-31 09187596 core:AfterOneYear 2016-01-01 2016-12-31 09187596 core:ShareCapital 2016-12-31 09187596 core:ShareCapital 2015-12-31 09187596 core:RevaluationReserve 2016-12-31 09187596 core:RevaluationReserve 2015-12-31 09187596 core:RetainedEarningsAccumulatedLosses 2016-12-31 09187596 core:RetainedEarningsAccumulatedLosses 2015-12-31 09187596 1 2016-01-01 2016-12-31 09187596 core:LandBuildings 2016-01-01 2016-12-31 09187596 core:LandBuildings 2016-12-31 09187596 core:LandBuildings 2014-08-22 2015-12-31 09187596 core:LandBuildings 2015-12-31 09187596 core:PlantMachinery 2016-01-01 2016-12-31 09187596 core:PlantMachinery 2016-12-31 09187596 core:PlantMachinery 2014-08-22 2015-12-31 09187596 core:PlantMachinery 2015-12-31 09187596 core:FurnitureFittingsToolsEquipment 2016-01-01 2016-12-31 09187596 core:FurnitureFittingsToolsEquipment 2016-12-31 09187596 core:FurnitureFittingsToolsEquipment 2014-08-22 2015-12-31 09187596 core:FurnitureFittingsToolsEquipment 2015-12-31 09187596 core:OfficeEquipment 2016-01-01 2016-12-31 09187596 core:OfficeEquipment 2016-12-31 09187596 core:OfficeEquipment 2014-08-22 2015-12-31 09187596 core:OfficeEquipment 2015-12-31 09187596 core:Vehicles 2016-01-01 2016-12-31 09187596 core:Vehicles 2016-12-31 09187596 core:Vehicles 2014-08-22 2015-12-31 09187596 core:Vehicles 2015-12-31 09187596 core:NetGoodwill 2016-01-01 2016-12-31 09187596 core:NetGoodwill 2016-12-31 09187596 core:NetGoodwill 2014-08-22 2015-12-31 09187596 core:NetGoodwill 2015-12-31 09187596 core:IntangibleAssetsOtherThanGoodwill 2016-01-01 2016-12-31 09187596 core:IntangibleAssetsOtherThanGoodwill 2016-12-31 09187596 core:IntangibleAssetsOtherThanGoodwill 2014-08-22 2015-12-31 09187596 core:IntangibleAssetsOtherThanGoodwill 2015-12-31

Company Registration Number:
09187596 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2016

Period of accounts

Start date: 01 January 2016

End date: 31 December 2016

Contents of the Financial Statements

for the Period Ended 31 December 2016


Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 7

Balance sheet

As at 31 December 2016

	Notes	2016 £	16 months to 31 Dec 2015 £
Fixed assets
Intangible assets:	2	15,114	20,130
Tangible assets:	3	387	809
Total fixed assets:		15,501	20,939
Current assets
Debtors:	4	1,477	4,244
Cash at bank and in hand:		800	675
Total current assets:		2,277	4,919
Creditors: amounts falling due within one year:	5	( 28,787 )	( 29,764 )
Net current assets (liabilities):		( 26,510 )	( 24,845 )
Total assets less current liabilities:		( 11,009 )	( 3,906 )
Creditors: amounts falling due after more than one year:	6	( 15,869 )	( 19,099 )
Provision for liabilities:			( 162 )
Total net assets (liabilities):		( 26,878 )	( 23,167 )

The notes form part of these financial statements

Balance sheet continued

As at 31 December 2016

	2016 £	16 months to 31 Dec 2015 £
Capital and reserves
Called up share capital:	1	1
Profit and loss account:	( 26,879 )	( 23,168 )
Shareholders funds:	( 26,878 )	( 23,167 )

For the year ending 31 December 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 September 2017
And Signed On Behalf Of The Board By:

Name: Simon Coy
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2016

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of value added tax and trade discounts.

Tangible fixed assets depreciation policy

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

Office equipment - 33.33% straight line.

Intangible fixed assets amortisation policy

The licence fee purchased for the operation of The Business Network Peterborough is being amortised evenly over its useful economic life of four years.

Goodwill, being the amount paid for The Business Network South Manchester, is being amortised evenly over its estimated useful economic life of 5 years.

Other accounting policies

Going concern The company has net current liabilities of £26,510 (2015: £24,845) as at the balance sheet date. The director is prepared to support the company for the next 12 months of trading and the accounts have therefore been prepared on a going concern basis.

Notes to the Financial Statements

for the Period Ended 31 December 2016

2. Intangible assets

	Other	Total
Cost	£	£
At 01 January 2016	23,064	23,064
Additions	-	-
Disposals	-	-
Revaluations	-	-
Transfers	-	-
At 31 December 2016	23,064	23,064
Amortisation
Amortisation at 01 January 2016	2,934	2,934
Charge for year	5,016	5,016
On disposals	-	-
Other adjustments	-	-
Amortisation at 31 December 2016	7,950	7,950
Net book value
Net book value at 31 December 2016	15,114	15,114
Net book value at 31 December 2015	20,130	20,130

Notes to the Financial Statements

for the Period Ended 31 December 2016

3. Tangible assets

	Office equipment	Total
Cost	£	£
At 01 January 2016	1,266	1,266
Additions	-	-
Disposals	-	-
Revaluations	-	-
Transfers	-	-
At 31 December 2016	1,266	1,266
Depreciation
At 01 January 2016	457	457
Charge for year	422	422
On disposals	-	-
Other adjustments	-	-
At 31 December 2016	879	879
Net book value
At 31 December 2016	387	387
At 31 December 2015	809	809

Notes to the Financial Statements

for the Period Ended 31 December 2016

4. Debtors

	2016 £	16 months to 31 Dec 2015 £
Trade debtors	1,435	3,726
Prepayments and accrued income	42	518
Total	1,477	4,244

Notes to the Financial Statements

for the Period Ended 31 December 2016

5.Creditors: amounts falling due within one year note

	2016 £	16 months to 31 Dec 2015 £
Bank loans and overdrafts	6,165	3,639
Trade creditors		4,587
Taxation and social security	1,079	149
Accruals and deferred income	8,001	7,532
Other creditors	13,542	13,857
Total	28,787	29,764

Notes to the Financial Statements

for the Period Ended 31 December 2016

6.Creditors: amounts falling due after more than one year

	2016 £	16 months to 31 Dec 2015 £
Bank loans and overdrafts	15,869	19,099
Total	15,869	19,099

Director:		Simon Coy


Registered office:		36 Ashopton Road Chesterfield Derbyshire S41 8WD


Company Registration Number:		09187596 (England and Wales)

Accounts Submission