| BALANCE SHEET |
|
|
|
2017 |
|
2016 |
|
|
£ |
|
£ |
| Current Assets |
|
24,001
|
|
32,127
|
| Cash in Hand/Bank |
|
8,557
|
|
32,127
|
| Prepayments and accrued income |
|
0
|
|
147
|
| Creditors: amounts falling due within one year |
|
(17,616)
|
|
(11,592)
|
| Net current assets (liabilities) |
|
6,385
|
|
20,682
|
| Total assets less current liabilities |
|
6,385
|
|
20,682
|
| Net Assets (liabilities) |
|
6,385
|
|
20,682
|
|
| Capital and Reserves |
|
6,385
|
|
20,682
|
| Called up share capital |
|
2
|
|
2
|
| Profit and Loss Account |
|
6,383
|
|
20,680
|
| SHAREHOLDER'S FUND |
|
6,385
|
|
20,682
|
|
For the year ending 31/10/2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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For the year ending 31-10-2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit for the year in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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Approved by the board of directors on
2018-07-20
and signed on behalf of the board,
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| ............................. |
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(1) General Information
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| The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 6 Theodora Way, Eastcote, Pinner,, Middlesex, England,, HA5 2RA. |
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(2) Directors: benefits advances, credit and guarantees
|
| During the year the company made an advance of £ {Enter amount} to a director of the company, to provide advance funds for {Enter reason like; expense they were expected to incur when attending a personal training course. The balance was fully repaid at the year end}. |
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(3) Guarantees and other financial commitments
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| The company is being sued by a former employee for unfair dismissal. Solicitors have advised that the maximum potential liability amounts to £ {Enter amount}. No provision has been included in the financial statements on the basis that legal advice obtained by the directors sets out that the case is unlikely to be successful. The Company has granted a floating charge on its assets to secure the bank loan of £ {Enter amount} ({Enter year}: £ {Enter amount}). The company had capital commitments contracted but not provided for in the financial statements totaling £ {Enter amount}. At the balance sheet date, the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases over {Enter type like; long and short leasehold land and buildings / plant and machinery / motor vehicles}, which fall due as follows: |
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(4) Average number of employees
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| The average number of persons employed by the company during the year was 2 (2016 : 2) |
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(5) Transition to FRS 105
|
| These are the first financial statements that comply with FRS 105. The company transitioned to FRS 105 as at 01 November 2016. This has affected the previously reported financial position and financial performance as follows: | | | | 01-11-2016 | | 31-10-2016 | | Reconciliation of equity | | £ | | £ | | | Capital and reserves (as previously stated) | | 20682.42 | | 20682.42 | | Deferred tax provision removed | | 0.00 | | 0.00 | | Capital and reserves (as restated) | | 20682.42 | | 20682.42 | | | Reconciliation of profit for the year | | | | | | Profit for the year (as previously stated) | | | | 15787.58 | | Deferred tax charge reversed | | | | 0.00 | | Profit for the year (as restated) | | | | 15787.58 | | | Deferred tax is not recognised under FRS 105. | | | | |
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