BC1 Building Services Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06026482 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

BC1 BUILDING SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S A Cole

SECRETARY:

REGISTERED OFFICE:

Lawnes Farm

Forty Acre Lane

Alveston

Bristol

BS35 3QU

REGISTERED NUMBER:

06026482 (England and Wales)

ACCOUNTANTS:

Keller & Co

367b Church Road

Frampton Cotterell

Bristol

BS36 2AQ

FIXED ASSETS

Tangible assets

4

27,995

34,793

CURRENT ASSETS

Stocks

-

20,000

Debtors

5

34,201

50,970

34,201

70,970

CREDITORS

Amounts falling due within one year

6

(55,236

)

(69,541

)

NET CURRENT (LIABILITIES)/ASSETS

(21,035

)

1,429

TOTAL ASSETS LESS CURRENT LIABILITIES

6,960

36,222

PROVISIONS FOR LIABILITIES

(6,959

)

(6,959

)

NET ASSETS

1

29,263

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

-

29,262

SHAREHOLDERS' FUNDS

1

29,263

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 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 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 director on 25 September 2017 and were signed by:

S A Cole - Director

1.	STATUTORY INFORMATION

BC1 Building Services 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.

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

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

93,917

Additions

200

At 31 December 2016

94,117

DEPRECIATION

At 1 January 2016

59,124

Charge for year

6,998

At 31 December 2016

66,122

NET BOOK VALUE

At 31 December 2016

27,995

At 31 December 2015

34,793

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

27,551

37,628

Other debtors

6,650

13,342

34,201

50,970

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

20,407

13,629

Trade creditors

28,478

38,285

Taxation and social security

4,616

10,916

Other creditors

1,735

6,711

55,236

69,541

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The directors loan account was overdrawn by £33 at the 31st December but this was repaid within 9 months.