Book Squad Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06585319 (England and Wales)

BOOK SQUAD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 JUNE 2016 TO 30 NOVEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Miss G Tyler

Miss A Tvarozkova

SECRETARY:

Indigo Secretaries Limited

REGISTERED OFFICE:

Byron Lodge

Cranfield Road

Wavendon

Milton Keynes

Buckinghamshire

MK17 8AX

REGISTERED NUMBER:

06585319 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

CURRENT ASSETS

Stocks

-

580

Debtors

4

132

1,207

Cash at bank and in hand

9,760

3,547

9,892

5,334

CREDITORS

Amounts falling due within one year

5

8,519

7,803

NET CURRENT ASSETS/(LIABILITIES)

1,373

(2,469

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,373

(2,469

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

1,273

(2,569

)

SHAREHOLDERS' FUNDS

1,373

(2,469

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 23 May 2018 and were signed on its behalf by:

Miss A Tvarozkova - Director

Miss G Tyler - Director

1.	STATUTORY INFORMATION

Book Squad 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the period ended 30 November 2017 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the

date of transition to FRS 102 Section 1A is 1 June 2015.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the period 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 period 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 period was 2 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

31.5.16

£

£

Other debtors

19

1,104

VAT

113

103

132

1,207

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.17

31.5.16

£

£

Directors' current accounts

7,420

5,954

Accrued expenses

1,099

1,849

8,519

7,803

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.17

31.5.16

value:

£

£

100

Ordinary

£1

100

100

7.	RELATED PARTY DISCLOSURES