Bergen Management Services Ltd
Bergen Management Services Ltd
Registered number: 09820885
Unaudited Financial Statements
For The Year Ended 31 October 2017
DEB Chartered Accountants
Bergen Management Services Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2017
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
Bergen Management Services Ltd
Balance Sheet
As at
31 October 2017
Balance Sheet
Registered number:
09820885
For the year ending 31 October 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2017 | 2016 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets | 3 |
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Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 7 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (66,394) | (36,685) | |||
Page 1
Bergen Management Services Ltd
Balance Sheet (continued)
As at
31 October 2017
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Bergen Management Services Ltd
Notes to the Financial Statements
For The Year Ended 31 October 2017
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relates to a Licence fee. It is amortised to profit and loss account on a straight line basis over its estimated economic life of 4 years.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office Equipment |
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3.
Intangible Assets
Licence fees | |||
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£ | |||
Cost | |||
As at |
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As at |
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Amortisation | |||
As at |
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Provided during the period |
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As at |
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Net Book Value | |||
As at |
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As at |
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Page 3
Bergen Management Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2017
4.
Tangible Assets
Office Equipment | |
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£ | |
Cost | |
As at |
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As at |
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Depreciation | |
As at |
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Provided during the period |
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As at |
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Net Book Value | |
As at |
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As at |
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5.
Debtors
2017 | 2016 | ||
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£ | £ | ||
Due within one year | |||
Prepayments and accrued income |
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VAT |
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6.
Creditors: Amounts Falling Due Within One Year
2017 | 2016 | ||
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£ | £ | ||
Accruals and deferred income |
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Director's loan account |
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8.
Related Party Transactions
The company is controlled by Mr M Bancroft, director and shareholder of the company.
The balance on the director's loan account of Mr M Bancroft at 31st October 2017 was £81,397 due to the director (2016 - £67,358).
The balance on the director's loan account of Mr M Bancroft at 31st October 2016 was £67,358 due to the director.
Page 4
Bergen Management Services Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2017
9.
Ultimate Controlling Party
The company's ultimate controlling party is Mr M Bancroft by virtue of his ownership of 100% of the issued share capital in the company.
10.
General Information
Bergen Management Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09820885 . The registered office is 19 Middlewoods Way, Wharncliffe Business Park, Carlton, Barnsley, S71 3HR.
Page 5