Company Registration No. 08542136 (England and Wales)
Black Bear IT Solutions Limited
Unaudited accounts
for the year ended 30 June 2017
Black Bear IT Solutions Limited
Unaudited accounts
Contents
Black Bear IT Solutions Limited
Company Information
for the year ended 30 June 2017
Directors
Mr Richard Alford
Mr David Kitson
Company Number
08542136 (England and Wales)
Registered Office
2 Norfolk Street
Lancaster
Lancashire
LA1 2BW
Accountants
Blend Accountants
58 Marine Road West
Morecambe
Lancashire
LA4 4ET
Black Bear IT Solutions Limited
Statement of financial position
as at 30 June 2017
Tangible assets
33,269
30,851
Cash at bank and in hand
(166)
10,169
Creditors: amounts falling due within one year
(49,786)
(43,480)
Net current assets
59,927
67,895
Total assets less current liabilities
93,196
98,746
Creditors: amounts falling due after more than one year
(10,966)
(18,602)
Provisions for liabilities
Deferred tax
(6,654)
(6,007)
Called up share capital
100
100
Profit and loss account
75,476
74,037
Shareholders' funds
75,576
74,137
For the year ending 30 June 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 23 March 2018.
Mr Richard Alford
Director
Company Registration No. 08542136
Black Bear IT Solutions Limited
Notes to the Accounts
for the year ended 30 June 2017
Black Bear IT Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 08542136. The registered office is 2 Norfolk Street, Lancaster, Lancashire, LA1 2BW.
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 June 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 July 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
40% Reducing balance
Black Bear IT Solutions Limited
Notes to the Accounts
for the year ended 30 June 2017
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2016
31,248
194
24,253
55,695
Additions
-
15,288
-
15,288
At 30 June 2017
31,248
15,482
24,253
70,983
At 1 July 2016
9,626
110
15,108
24,844
Charge for the year
5,406
3,806
3,658
12,870
At 30 June 2017
15,032
3,916
18,766
37,714
At 30 June 2017
16,216
11,566
5,487
33,269
At 30 June 2016
21,622
84
9,145
30,851
Trade debtors
24,159
41,160
Amounts due from group undertakings etc.
84,720
54,174
Accrued income and prepayments
1,000
3,372
7
Creditors: amounts falling due within one year
2017
2016
Obligations under finance leases and hire purchase contracts
4,064
3,648
Trade creditors
4,131
3,184
Amounts owed to group undertakings and other participating interests
1,319
4,648
Taxes and social security
20,115
26,633
Loans from directors
19,157
2,650
8
Creditors: amounts falling due after more than one year
2017
2016
Obligations under finance leases and hire purchase contracts
10,966
18,602
9
Average number of employees
During the year the average number of employees was 4 (2016: 4).
