BNS Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06510409 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

BNS Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A N Simmonds

I D Simmonds

SECRETARY:

Mr. A N Simmonds

REGISTERED OFFICE:

18 Badminton Road

Downend

Bristol

Avon

BS16 6BQ

REGISTERED NUMBER:

06510409 (England and Wales)

ACCOUNTANTS:

Raymarsh Ford Limited

Chartered Accountants

Ground Floor

41 High Street

Kingswood

Gloucestershire

BS15 4AA

The following reproduces the text of the report prepared for the directors and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of BNS Limited for the year ended 31 March 2017 which comprise the Income Statement, Balance

Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BNS Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BNS Limited and state those matters that we have agreed to state to the Board of Directors of BNS Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BNS Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BNS Limited 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 profit of BNS Limited. You consider that BNS Limited 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 BNS Limited. 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.

Raymarsh Ford Limited

Chartered Accountants

Ground Floor

41 High Street

Kingswood

Gloucestershire

BS15 4AA

30 December 2017

FIXED ASSETS

Intangible assets

4

2,225

-

Tangible assets

5

240,056

206,457

242,281

206,457

CURRENT ASSETS

Debtors

6

87,625

89,754

Cash at bank

1

-

87,626

89,754

CREDITORS

Amounts falling due within one year

7

193,983

206,173

NET CURRENT LIABILITIES

(106,357

)

(116,419

)

TOTAL ASSETS LESS CURRENT LIABILITIES

135,924

90,038

CREDITORS

Amounts falling due after more than one year

8

134,175

111,051

NET ASSETS/(LIABILITIES)

1,749

(21,013

)

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

1,745

(21,017

)

SHAREHOLDERS' FUNDS

1,749

(21,013

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 30 December 2017 and were signed on its behalf by:

I D Simmonds - Director

1.	STATUTORY INFORMATION

BNS 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

2,322

At 31 March 2017

2,322

AMORTISATION

Charge for year

97

At 31 March 2017

97

NET BOOK VALUE

At 31 March 2017

2,225

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2016

6,068

81,186

208,820

296,074

Additions

630

9,927

110,466

121,023

At 31 March 2017

6,698

91,113

319,286

417,097

DEPRECIATION

At 1 April 2016

2,117

39,531

47,969

89,617

Charge for year

1,132

6,759

25,802

33,693

Eliminated on disposal

-

-

53,731

53,731

At 31 March 2017

3,249

46,290

127,502

177,041

NET BOOK VALUE

At 31 March 2017

3,449

44,823

191,784

240,056

At 31 March 2016

3,951

41,655

160,851

206,457

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2016

182,962

Additions

110,466

At 31 March 2017

293,428

DEPRECIATION

At 1 April 2016

33,492

Charge for year

25,802

Eliminated on disposal

(18,840

)

At 31 March 2017

40,454

NET BOOK VALUE

At 31 March 2017

252,974

At 31 March 2016

149,470

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Trade debtors

(16,567

)

(6,095

)

Amounts owed by group undertakings

98,355

79,654

Other debtors

11,567

11,567

BNS Property Partnership

(10,720

)

2,014

Prepayments

4,990

2,614

87,625

89,754

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Bank loans and overdrafts

43,860

51,168

Hire purchase contracts

40,530

31,005

Trade creditors

30,862

53,037

Amounts owed to group undertakings

4,495

3,000

Tax

(8,048

)

1,813

Social security and other taxes

23,687

16,576

VAT

41,637

31,573

Other creditors

13,001

13,001

Wages control account

(800

)

-

Accrued expenses

4,759

5,000

193,983

206,173

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/17

31/3/16

£

£

Hire purchase contracts

134,175

111,051

9.	RELATED PARTY DISCLOSURES

During the year the company paid rent of £41,600 (2016: £34,483) to AN Simmonds & ID Simmonds Property

Partnership.

The directors of the company are both partners in AN & ID Simmonds Property Partnership.

As at the year end an amount of £98,355 (2016: £79,654) was owed by BNS Services Limited, a company which

is under common control. An amount of £1,813 was owed to Oakfield Developments Limited (2016: £Nil) and

£305 owed to Bristol Numerical Services Limited (2016: £305). All companies are under common control of the

directors.

A balance of £2,377 (2016: £Nil) was due to Business Non Stop Limited, the ultimate parent company.