Ezy Payment Solutions Ltd - Accounts to registrar (filleted) - small 17.3
Ezy Payment Solutions Ltd - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Ezy Payment Solutions Ltd |
| Unaudited Financial Statements |
| for the Period 1 October 2016 to 31 March 2017 |
| Ezy Payment Solutions Ltd (Registered number: 09199603) |
| Contents of the Financial Statements |
| for the Period 1 October 2016 to 31 March 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Ezy Payment Solutions Ltd |
| Company Information |
| for the Period 1 October 2016 to 31 March 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Sterling House |
| 97 Lichfield Street |
| Tamworth |
| Staffordshire |
| B79 7QF |
| Ezy Payment Solutions Ltd (Registered number: 09199603) |
| Statement of Financial Position |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| 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 by: |
| Ezy Payment Solutions Ltd (Registered number: 09199603) |
| Notes to the Financial Statements |
| for the Period 1 October 2016 to 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Ezy Payment Solutions Ltd is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These accounts are prepared on a going concern basis, based on the continuing support of the director. |
| First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
| These financial statements for the period ended 31 March 2017 are the first that are prepared in accordance |
| with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the |
| date of transition to FRS 102 Section 1A is 1 October 2015. |
| Significant judgements and estimates |
| In the application of the company's accounting policies, the directors are required to make judgement, |
| estimates and assumptions about carrying amounts of assets and liabilities that are not readily apparent from |
| other sources. The estimates and associated assumptions are based on historical experience and other factors |
| that are considered to be relevant. Actual results may differ from these estimates. |
| The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting |
| estimated are recognised in the period in which the estimate is revised where the revision affects only that |
| period, or in the period of revision and future periods where the revision affects bother current and future |
| periods. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Taxation |
| Taxation for the period 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position 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 period 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was NIL. |
| Ezy Payment Solutions Ltd (Registered number: 09199603) |
| Notes to the Financial Statements - continued |
| for the Period 1 October 2016 to 31 March 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| VAT |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Tax |
| VAT | 4,846 | - |
| Other creditors |
| Accruals and deferred income |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 October 2016 |
| Profit for the period |
| Dividends | ( |
) |
| At 31 March 2017 | ( |
) |
| 9. | RELATED PARTY DISCLOSURES |
| During the year the company made management charges to Ezy Recruitment Solutions Ltd, a company in |
| which the directors are shareholders. The total of charges made were £45,000. |
| During the year the company paid Dealmaking Limited for consultancy, this is a company in which the directors |
| are shareholders. The total for the year was £10,000. |
| 10. | FIRST YEAR ADOPTION |
| The company has adopted the provisions set out in FRS 102 (Section 1A) for small companies. This is the first |
| year that the company has prepared financial statements under the new regulatory framework. It is not |
| considered that there are any transitional adjustments required to either the prior year figures nor those at the |
| transitional date. As such, no reconciliation is provided in these financial statements. |