BDS Technology Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03891733 (England and Wales)

Financial Statements for the Year Ended 31st December 2016

for

BDS TECHNOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Wakefield

Mr P L Townsend

Mr E Wakefield

SECRETARY:

Mr R Wakefield

REGISTERED OFFICE:

11 Kerrfield

Romsey Road

Winchester

Hampshire

SO22 5EX

REGISTERED NUMBER:

03891733 (England and Wales)

ACCOUNTANTS:

Graham Martin & Co

Chartered Accountants

89 Leigh Road

Eastleigh

Hampshire

SO50 9DQ

BANKERS:

HSBC plc

3 Leigh Road

Eastleigh

Hampshire

SO50 9YW

FIXED ASSETS

Tangible assets

4

82

110

CURRENT ASSETS

Stocks

-

100

Debtors

5

23,520

19,591

Cash at bank

30,221

11,809

53,741

31,500

CREDITORS

Amounts falling due within one year

6

50,812

31,258

NET CURRENT ASSETS

2,929

242

TOTAL ASSETS LESS CURRENT LIABILITIES

3,011

352

PROVISIONS FOR LIABILITIES

17

-

NET ASSETS

2,994

352

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2,992

350

SHAREHOLDERS' FUNDS

2,994

352

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 28th September 2017 and were signed on its behalf by:

Mr E Wakefield - Director

1.	STATUTORY INFORMATION

BDS Technology 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

It also includes the value of work completed during the financial period by reference to the total value of the

assignment and its stage of completion.

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

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2016

and 31st December 2016

5,250

DEPRECIATION

At 1st January 2016

5,140

Charge for year

28

At 31st December 2016

5,168

NET BOOK VALUE

At 31st December 2016

82

At 31st December 2015

110

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

23,520

19,591

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

20,907

20,989

Taxation and social security

21,103

3,377

Other creditors

8,802

6,892

50,812

31,258

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2016 and

31st December 2015:

2016

2015

£

£

Mr R Wakefield

Balance outstanding at start of year

2,719

511

Amounts advanced

3,832

2,208

Amounts repaid

(4,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,551

2,719

Mr P L Townsend

Balance outstanding at start of year

2,373

(68

)

Amounts advanced

5,025

2,441

Amounts repaid

(4,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,398

2,373

Mr E Wakefield

Balance outstanding at start of year

-

-

Amounts advanced

1,053

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,053

-

8.	ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party in BDS Technology Limited.