Flawless Business Systems Design Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01754933 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Flawless Business Systems Design Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Barr

Mrs. A Z Barr

SECRETARY:

Mrs. A Z Barr

REGISTERED OFFICE:

83 Silverdale Road

Earley

Reading

Berkshire.

RG6 7NF

REGISTERED NUMBER:

01754933 (England and Wales)

ACCOUNTANTS:

EDMONDS ACCOUNTANCY LIMITED

Unit 11, Diddenham Bus Park,

Diddenham Court

Grazeley,

READING

Berkshire

RG7 1JQ

FIXED ASSETS

Tangible assets

4

450,171

450,202

CURRENT ASSETS

Debtors

5

745

2,235

Prepayments and accrued income

839

804

Cash at bank

38,917

40,474

40,501

43,513

CREDITORS

Amounts falling due within one year

6

7,028

14,762

NET CURRENT ASSETS

33,473

28,751

TOTAL ASSETS LESS CURRENT LIABILITIES

483,644

478,953

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

483,544

478,853

SHAREHOLDERS' FUNDS

483,644

478,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 7 December 2017 and were signed on its behalf by:

C J Barr - Director

Mrs. A Z Barr - Director

1.	STATUTORY INFORMATION

Flawless Business Systems Design 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.

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% on cost and 25% on reducing balance

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 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2016

and 30 April 2017

450,078

9,262

459,340

DEPRECIATION

At 1 May 2016

-

9,138

9,138

Charge for year

-

31

31

At 30 April 2017

-

9,169

9,169

NET BOOK VALUE

At 30 April 2017

450,078

93

450,171

At 30 April 2016

450,078

124

450,202

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

745

2,235

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

64

111

Taxation and social security

1,578

1,431

Other creditors

5,386

13,220

7,028

14,762