BCS Services Ltd Company Accounts

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Company Registration Number: 01012423

	BCS Services Ltd

	Filleted Unaudited Financial Statements

	For the year ended

	5 April 2017

BCS Services Ltd

Financial Statements

Year ended 5 April 2017

Contents	Page

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

BCS Services Ltd

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of BCS Services Ltd

Year ended 5 April 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BCS Services Ltd for the year ended 5 April 2017, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed on the Institute's website at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of BCS Services Ltd, as a body, in accordance with the terms of our engagement letter dated 24 October 2016. Our work has been undertaken solely to prepare for your approval the financial statements of BCS Services Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BCS Services Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BCS Services Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of BCS Services Ltd. You consider that BCS Services Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of BCS Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jamesons Chartered Accountants

92 Station Road Clacton on Sea Essex CO15 1SG

21 November 2017

BCS Services Ltd

Statement of Financial Position

5 April 2017

	2017		2016
Note	£	£	£

Fixed assets

Tangible assets	5	7,878	10,128
Investments	6	99	99
		-------	--------
		7,977	10,227

Current assets

Stocks		3,908	2,294
Debtors	7	11,272	11,823
Cash at bank and in hand		77,944	91,754
		--------	----------
		93,124	105,871

Creditors: amounts falling due within one year	8	10,293		16,472
		--------		----------
Net current assets			82,831	89,399
			--------	--------
Total assets less current liabilities			90,808	99,626
			--------	--------
Net assets			90,808	99,626
			--------	--------

BCS Services Ltd

Statement of Financial Position (continued)

5 April 2017

	2017		2016
Note	£	£	£

Capital and reserves

Allotted, called up and fully paid share capital	4,000	4,000
Profit and loss account	86,808	95,626
	--------	--------
Shareholders funds	90,808	99,626
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 5 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 17 November 2017 , and are signed on behalf of the board by:

R C R Seldon

Director

Company registration number: 01012423

BCS Services Ltd

Notes to the Financial Statements

Year ended 5 April 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Barwell Way, Witham, Essex, CM8 2TY.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis in accordance with the accounting policies set out below.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 6 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. All tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Office equipment	-	25% reducing balance
Plant and machinery	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of people employed by the company during the year, including the directors, was 15 (2016: 16 ).

5. Tangible assets

	Office equipment	Plant and machinery	Total
	£	£	£
Cost
At 6 April 2016	16,210	27,132	43,342
Additions	–	1,098	1,098
Disposals	–	( 7,085)	( 7,085)
	--------	--------	--------
At 5 April 2017	16,210	21,145	37,355
	--------	--------	--------
Depreciation
At 6 April 2016	13,794	19,420	33,214
Charge for the year	606	2,023	2,629
Disposals	–	( 6,366)	( 6,366)
	--------	--------	--------
At 5 April 2017	14,400	15,077	29,477
	--------	--------	--------
Carrying amount
At 5 April 2017	1,810	6,068	7,878
	--------	--------	--------
At 5 April 2016	2,416	7,712	10,128
	--------	--------	--------

6. Investments

	Other investments other than loans
	£
Cost
At 6 April 2016 and 5 April 2017	99
	----
Impairment
At 6 April 2016 and 5 April 2017	–
	----

Carrying amount
At 5 April 2017	99
	----
At 5 April 2016	99
	----

The company's investments of £99 represent the cost of acquisition of 99% of the ordinary share capital of its subsidiary company, BCS Services (London) Ltd.

BCS Services (London) Ltd is a company registered in England and Wales.(Company No.3306506)

At 5 April 2017 the aggregate share capital and reserves of BCS Services (London) Ltd were £90 (deficit) (2016: £90) and its profit for the year ended 5 April 2017 was £nil (2016: £nil). The company did not trade during the year.

7. Debtors

	2017	2016
	£	£
Trade debtors	646	1,841
Other debtors	10,626	9,982
	--------	--------
	11,272	11,823
	--------	--------

8. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	3,324	9,287
Social security and other taxes	2,348	3,763
Other creditors	4,621	3,422
	--------	--------
	10,293	16,472
	--------	--------

9. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2017
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
R C R Seldon	–	7,563	( 7,563)	–
	----	-------	-------	----

	2016
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
R C R Seldon	–	8,740	( 8,740)	–
	----	-------	-------	----

No interest has been charged on these advances.

10. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 6 April 2015.

No transitional adjustments were required in equity or profit or loss for the year.