Blue_Sky_Guttering_Franchise_Limited_31_Mar_2017_companies_house_set_of_accounts.html
Blue_Sky_Guttering_Franchise_Limited_31_Mar_2017_companies_house_set_of_accounts.html
Statement of consent to prepare Abridged Financial Statements
Year ended 31 March 2017
All of the members of Blue Sky Guttering Franchise Limited have consented to the preparation of the Abridged Statement of Financial Position and the Abridged Income Statement for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.
Company registration number:
Report to the directors on the preparation of the unaudited statutory abridged financial statements of Blue Sky Guttering Franchise Limited
Year ended 31 March 2017
As described on the statement of financial position, the Board of Directors of Blue Sky Guttering Franchise Limited are responsible for the preparation of the abridged financial statements for the year ended 31 March 2017 , which comprise the abridged income statement, statement of income and retained earnings, abridged statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
Basepoint Business Centre
272 Field End Road
Eastcote
HA4 9NA
United Kingdom
272 Field End Road
Eastcote
HA4 9NA
United Kingdom
Abridged Statement of Financial Position
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| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 5 |
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| Current assets | |||||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
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| Net current assets |
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| Total assets less current liabilities | 1,482 | 1,844 | |||
| Capital and reserves | |||||
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| Profit and loss account |
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| Shareholders funds |
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For the year ending 31 March 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 abridged 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 abridged financial statements.
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These abridged financial statements were approved by the board of directors and authorised for issue on 10 November 2017 , and are signed on behalf of the board by:
| Director |
Company registration number:
08426886
Notes to the Abridged Financial Statements
Year ended 31 March 2017
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 8 Park Road , Hayes , UB4 8JL , United Kingdom.
2 Statement of compliance
These abridged financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The abridged financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Plant and machinery |
4 Average number of employees
5 Fixed assets
| Tangible assets | ||
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| Carrying amount | ||
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| At 31 March 2016 |
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7 Controlling party
The company is controlled by the directors who owns 100% of the called up share capital.