Bates Zambelli Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04061466 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

BATES ZAMBELLI LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

S T S Bates

P E Jefferson

SECRETARY:

S T S Bates

REGISTERED OFFICE:

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW

REGISTERED NUMBER:

04061466 (England and Wales)

ACCOUNTANTS:

The Paris Partnership LLP

Chartered Accountants

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW

FIXED ASSETS

Tangible assets

4

2,117

1,602

CURRENT ASSETS

Debtors

5

16,834

16,953

Cash at bank

8,214

5,140

25,048

22,093

CREDITORS

Amounts falling due within one year

6

(31,633

)

(38,376

)

NET CURRENT LIABILITIES

(6,585

)

(16,283

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,468

)

(14,681

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(4,568

)

(14,781

)

SHAREHOLDERS' FUNDS

(4,468

)

(14,681

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 9 February 2018 and were signed on its behalf by:

S T S Bates - Director

1.	STATUTORY INFORMATION

Bates Zambelli 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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.

Cash and cash equivalents

Cash and cash equivalent include cash in hand, deposits, held at call with banks, other short term liquid

investments with original maturities of three months or less.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured

at transaction price including transaction and where material are subsequently measured at amortise cost using

the effective interest method, less any impairment

Impairment of financial assets

Financial assets, other than those held at fair value are assessed for indicators or impairment at each reporting

end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that

occured after the initial recognition of the financial asset, the estimated future cash flows have been affected.

The impairment loss is recognised in the Statement of Total Comprehensive Income.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or

when it transfer the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, including trade and other payables and loans from company undertakings that are

classified as debt are initially measured at transaction price unless the arrangement constitute a financing

transaction, where the debt instrument is measured at the present value of the future payments discounted at

the market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired int he ordinary course of

business from suppliers. Accounts payables are classified as current liabilities if a payment is due within one

year or less. If not, they are present as non current liabilities. Short term creditors are initially recognised at

transaction price and where material are subsequently measured at amortised cost using the effective interest

method.

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors and

shareholders will continue to financially support the company during this uncertain period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2016

9,868

Additions

1,073

At 31 August 2017

10,941

DEPRECIATION

At 1 September 2016

8,266

Charge for year

558

At 31 August 2017

8,824

NET BOOK VALUE

At 31 August 2017

2,117

At 31 August 2016

1,602

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

13,092

13,224

Other debtors

3,742

3,729

16,834

16,953

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

715

2,647

Taxation and social security

11,540

11,311

Other creditors

19,378

24,418

31,633

38,376

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary £1 share

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 September 2016

(14,781

)

Profit for the year

10,213

At 31 August 2017

(4,568

)

9.	RELATED PARTY DISCLOSURES

S T S Bates

Director

During the period the following transactions occured between the company and the director.

2017

2016

£

£

Advances by the director to the company

19,755

17,420

Repayments by the company to the director

24,031

19,363

Dividends

Amount due to director at end of the period

18,072

22,987

10.	ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors.

11.	FIRST YEAR ADOPTION

FRS 102 (Section 1A) was adopted on 1 September 2016. The transition has not resulted in any effect on the

financial position or performance. Therefore no reconciliation from the previous framework is required. The last

Financial Statements date reported under the previous framework was 31 August 2016.

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. 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 Bates Zambelli Limited for the year ended 31 August 2017 which comprise the Income

Statement, Statement of Financial Position 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 Bates Zambelli 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 Bates Zambelli Limited and state those matters that we have agreed to state to the Board of Directors of Bates Zambelli 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 Bates Zambelli Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bates Zambelli 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 Bates Zambelli Limited. You consider that Bates Zambelli 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 Bates Zambelli 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.

The Paris Partnership LLP

Chartered Accountants

Russell House

140 High Street

Edgware

Middlesex

HA8 7LW

9 February 2018