Bastien Jack Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07075207 (England and Wales)

BASTIEN JACK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

B M Alegre-Wood

M R Rawlinson

D R Nicholls

REGISTERED OFFICE:

Suite 6, The Regatta

Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

REGISTERED NUMBER:

07075207 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

3,338

4,559

Investments

5

-

2

3,338

4,561

CURRENT ASSETS

Stocks

-

1,581,363

Debtors

6

2,103,383

278,560

Cash at bank

29,522

28,847

2,132,905

1,888,770

CREDITORS

Amounts falling due within one year

7

197,691

371,814

NET CURRENT ASSETS

1,935,214

1,516,956

TOTAL ASSETS LESS CURRENT LIABILITIES

1,938,552

1,521,517

CREDITORS

Amounts falling due after more than one year

8

2,957,688

2,013,638

NET LIABILITIES

(1,019,136

)

(492,121

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

(1,019,236

)

(492,221

)

SHAREHOLDERS' FUNDS

(1,019,136

)

(492,121

)

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 29 September 2017 and were signed on its behalf by:

D R Nicholls - Director

1.	STATUTORY INFORMATION

Bastien Jack 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 represents amounts charged to customers for services provided during the year, excluding value

added tax. Revenue is recognised in the period in which services are performed.

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

-

33.3333% on cost and 25% 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.

Going concern

During the year to 31/12/2016 the company sustained a loss of £(527,015) (2015: £481,024). The company's

Investors and its Directors intend to support the company and accordingly the Directors consider it

appropriate that these financial statements have been prepared on the going concern basis. The Directors are

confident that the company will become profitable in the future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2015 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

6,363

Additions

378

At 31 December 2016

6,741

DEPRECIATION

At 1 January 2016

1,804

Charge for year

1,599

At 31 December 2016

3,403

NET BOOK VALUE

At 31 December 2016

3,338

At 31 December 2015

4,559

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2016

2

Disposals

(2

)

At 31 December 2016

-

NET BOOK VALUE

At 31 December 2016

-

At 31 December 2015

2

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

55,806

14,723

Other debtors

2,047,577

263,837

2,103,383

278,560

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

11,710

250,805

Taxation and social security

12,649

3,950

Other creditors

173,332

117,059

197,691

371,814

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Other creditors

2,957,688

2,013,638

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

10.

RESERVES

Retained

earnings

£

At 1 January 2016

(492,221

)

Deficit for the year

(527,015

)

At 31 December 2016

(1,019,236

)

11.	FIRST YEAR ADOPTION

The company has adopted FRS102 for the first time in the year ended 31 December 2016. The reported

financial position and financial performance for the previous period are not affected by the transition to

FRS102.