Company Registration No. 06550904 (England and Wales)
BINBIN LIMITED
Unaudited accounts
for the year ended 30 April 2017
BINBIN LIMITED
Unaudited accounts
Contents
BINBIN LIMITED
Company Information
for the year ended 30 April 2017
Directors
Binbin Mcniven
James Alexander Mcniven
Company Number
06550904 (England and Wales)
Registered Office
Suite 209 Olympic House
28-42 Clements Road
Ilford
Essex
IG1 1BA
UK
Accountants
CBM Accounting LTD
Suite 209
28-42 Clements Road
Ilford
Essex
IG1 1BA
BINBIN LIMITED
Statement of financial position
as at 30 April 2017
Tangible assets
2,062
2,578
Cash at bank and in hand
177,779
160,315
Creditors: amounts falling due within one year
(86,204)
(88,385)
Net current assets
211,186
225,804
Net assets
213,248
228,382
Called up share capital
150
150
Profit and loss account
213,098
228,232
Shareholders' funds
213,248
228,382
For the year ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 31 January 2018.
Binbin Mcniven
Director
Company Registration No. 06550904
BINBIN LIMITED
Notes to the Accounts
for the year ended 30 April 2017
BINBIN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06550904. The registered office is Suite 209 Olympic House, 28-42 Clements Road, Ilford, Essex, IG1 1BA, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing balance
BINBIN LIMITED
Notes to the Accounts
for the year ended 30 April 2017
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Tangible fixed assets
Fixtures & fittings
Finished goods
44,250
44,014
Trade debtors
21,446
53,602
Accrued income and prepayments
23,941
26,284
Other debtors
29,974
29,974
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Creditors: amounts falling due within one year
2017
2016
Trade creditors
71,620
33,321
Taxes and social security
(1,091)
1,702
Loans from directors
15,675
17,953
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150
150
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Average number of employees
During the year the average number of employees was 2 (2016: 2).
