M & N Bullen Limited Company Accounts
M & N Bullen Limited Company Accounts
COMPANY REGISTRATION NUMBER:
08082145
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Financial Statements |
Year ended 31st March 2017
Contents |
Page |
Statement of Financial Position |
1 |
Notes to the Financial Statements |
3 |
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
£ |
Current Assets
Debtors |
6 |
– |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net Current Liabilities |
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Total Assets Less Current Liabilities |
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(
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Net Liabilities |
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(
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Capital and Reserves
Called up share capital |
8 |
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Profit and loss account |
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Members Deficit |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
21 December 2017
, and are signed on behalf of the board by:
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Director |
Company registration number:
08082145
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Notes to the Financial Statements |
Year ended 31st March 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 Emstrey House (North), Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG.
2.
Statement of Compliance
3.
Accounting Policies
Basis of Preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1st April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.
Judgements and Key Sources of Estimation Uncertainty
Revenue Recognition
Income Tax
Tangible Assets
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:
Equipment |
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Impairment of Fixed Assets
Financial Instruments
4.
Staff Costs
The average number of persons employed by the company during the year, including the directors, amounted to 2 (2016: 2).
5.
Tangible Assets
Equipment |
Total |
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£ |
£ |
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Cost |
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At 1st April 2016 and 31st March 2017 |
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Depreciation |
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At 1st April 2016 and 31st March 2017 |
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Carrying amount |
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At 31st March 2017 |
– |
– |
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6.
Debtors
2017 |
2016 |
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£ |
£ |
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Trade debtors |
– |
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---- |
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7.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Other creditors |
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------- |
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8.
Called Up Share Capital
Issued, called up and fully paid
2017 |
2016 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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9.
Directors' Advances, Credits and Guarantees
During the year the directors entered into the following advances and credits with the company:
2017 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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2016 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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(
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The non-interest bearing loan is repayable on demand.
10.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1st April 2015.
No transitional adjustments were required in equity or profit or loss for the year.
11.
Going Concern
The financial statements have been prepared on a going concern basis which assumes the continued support of the directors.