BBansal Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 10190975 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

BBansal Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr B S Bansal

REGISTERED OFFICE:

C/o Imran Khan & Partners

Lower Ground Floor

Elm Yard, 13 - 16 Elm Street

Clerkenwell

London

WC1X 0BL

REGISTERED NUMBER:

10190975 (England and Wales)

ACCOUNTANTS:

Franklin Underwood

1 Pinnacle Way

Pride Park

Derby

Derbyshire

DE24 8ZS

CURRENT ASSETS

Debtors

4

41,069

-

Cash in hand

-

100

41,069

100

CREDITORS

Amounts falling due within one year

5

13,138

-

NET CURRENT ASSETS

27,931

100

TOTAL ASSETS LESS CURRENT LIABILITIES

27,931

100

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

27,831

-

SHAREHOLDERS' FUNDS

27,931

100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 27 March 2018 and were signed by:

Mr B S Bansal - Director

1.	STATUTORY INFORMATION

BBansal 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 represents the company's share of the profits of the partnership Imran Khan and Partners.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Due from Imran Khan & Partners

18,167

-

Directors' current accounts

22,902

-

41,069

-

Other than as stated under directors loan account above, none of the above amounts related to amounts due from

the director or shareholder of the company either directly or indirectly.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

12,394

-

Accruals and deferred income

744

-

13,138

-

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 July 2017 and the period

ended 31 July 2016:

2017

2016

£

£

Mr B S Bansal

Balance outstanding at start of year

-

-

Amounts advanced

47,609

-

Amounts repaid

(24,708

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,901

-

The loan balance has been charged interest at 3% per annum up to 5th April 2017 and 2.50% thereafter. The full

balance was cleared within nine months of the year end.