BCS Services Ltd Filleted accounts for Companies House (small and micro)

BCS Services Ltd Filleted accounts for Companies House (small and micro)

BCS SERVICES LTD. - Company Information

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Company Registration Number: 01012423
BCS Services Ltd
Filleted Unaudited Financial Statements
For the year ended
5 April 2018
BCS Services Ltd
Statement of Financial Position
5 April 2018
2018
2017
Note
£
£
£
Fixed assets
Tangible assets
5
8,511
7,878
Investments
6
99
99
-------
-------
8,610
7,977
Current assets
Stocks
3,161
3,908
Debtors
7
28,552
11,272
Cash at bank and in hand
93,461
77,944
----------
--------
125,174
93,124
Creditors: amounts falling due within one year
8
32,672
10,293
----------
--------
Net current assets
92,502
82,831
----------
--------
Total assets less current liabilities
101,112
90,808
----------
--------
Net assets
101,112
90,808
----------
--------
BCS Services Ltd
Statement of Financial Position (continued)
5 April 2018
2018
2017
Note
£
£
£
Capital and reserves
Allotted, called up and fully paid share capital
4,000
4,000
Profit and loss account
97,112
86,808
----------
--------
Shareholders funds
101,112
90,808
----------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 5 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 August 2018 , and are signed on behalf of the board by:
R C R Seldon
Director
Company registration number: 01012423
BCS Services Ltd
Notes to the Financial Statements
Year ended 5 April 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Barwell Way, Witham, Essex, CM8 2TY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis in accordance with the accounting policies set out below.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. All tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
25% reducing balance
Plant and machinery
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of people employed by the company during the year, including the directors, was 18 (2017: 15 ).
5. Tangible assets
Office equipment
Plant and machinery
Total
£
£
£
Cost
At 6 April 2017
16,210
21,145
37,355
Additions
878
3,035
3,913
Disposals
( 7,906)
( 200)
( 8,106)
--------
--------
--------
At 5 April 2018
9,182
23,980
33,162
--------
--------
--------
Depreciation
At 6 April 2017
14,400
15,077
29,477
Charge for the year
592
2,248
2,840
Disposals
( 7,578)
( 88)
( 7,666)
--------
--------
--------
At 5 April 2018
7,414
17,237
24,651
--------
--------
--------
Carrying amount
At 5 April 2018
1,768
6,743
8,511
--------
--------
--------
At 5 April 2017
1,810
6,068
7,878
--------
--------
--------
6. Investments
Other investments other than loans
£
Cost
At 6 April 2017 and 5 April 2018
99
----
Impairment
At 6 April 2017 and 5 April 2018
–
----
Carrying amount
At 5 April 2018
99
----
At 5 April 2017
99
----
The company's investments of £99 represent the cost of acquisition of 99% of the ordinary share capital of its subsidiary company, BCS Services (London) Ltd.
BCS Services (London) Ltd is a company registered in England and Wales.(Company No.3306506)
At 5 April 2018 the aggregate share capital and reserves of BCS Services (London) Ltd were £90 (deficit) (2017: £90) and its profit for the year ended 5 April 2018 was £nil (2017: £nil). The company did not trade during the year.
7. Debtors
2018
2017
£
£
Trade debtors
12,824
646
Other debtors
15,728
10,626
--------
--------
28,552
11,272
--------
--------
8. Creditors: amounts falling due within one year
2018
2017
£
£
Trade creditors
559
3,324
Social security and other taxes
7,986
2,348
Other creditors
24,127
4,621
--------
--------
32,672
10,293
--------
--------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2018
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
R C R Seldon
–
23,658
( 23,658)
–
----
--------
--------
----
2017
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
R C R Seldon
–
7,563
( 7,563)
–
----
-------
-------
----
No interest has been charged on these advances.