BBG Consulting Limited 31/01/2018 iXBRL

BBG Consulting Limited 31/01/2018 iXBRL

BBG CONSULTING LIMITED - Company Information

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31/01/2018 2018-01-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2017-02-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 07900444 2017-02-01 2018-01-31 07900444 2018-01-31 07900444 2017-01-31 07900444 2016-02-01 2017-01-31 07900444 2017-01-31 07900444 core:PlantMachinery 2017-02-01 2018-01-31 07900444 core:FurnitureFittingsToolsEquipment 2017-02-01 2018-01-31 07900444 bus:RegisteredOffice 2017-02-01 2018-01-31 07900444 bus:LeadAgentIfApplicable 2017-02-01 2018-01-31 07900444 bus:Director1 2017-02-01 2018-01-31 07900444 bus:Director2 2017-02-01 2018-01-31 07900444 core:WithinOneYear 2018-01-31 07900444 core:WithinOneYear 2017-01-31 07900444 core:ShareCapital 2018-01-31 07900444 core:ShareCapital 2017-01-31 07900444 core:RetainedEarningsAccumulatedLosses 2018-01-31 07900444 core:RetainedEarningsAccumulatedLosses 2017-01-31 07900444 bus:Director1 2017-01-31 07900444 bus:Director1 2018-01-31 07900444 bus:Director1 2016-01-31 07900444 bus:Director1 2017-01-31 07900444 bus:Director1 2016-02-01 2017-01-31 07900444 bus:SmallEntities 2017-02-01 2018-01-31 07900444 bus:AuditExempt-NoAccountantsReport 2017-02-01 2018-01-31 07900444 bus:AbridgedAccounts 2017-02-01 2018-01-31 07900444 bus:SmallCompaniesRegimeForAccounts 2017-02-01 2018-01-31 07900444 bus:PrivateLimitedCompanyLtd 2017-02-01 2018-01-31 07900444 1 2017-02-01 2018-01-31
Statement of consent to prepare abridged financial statements
All of the members of BBG Consulting Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the current year ending 31 January 2018 in accordance with Section 444(2A) of the Companies Act 2006.
Company registration number: 07900444
BBG Consulting Limited
Unaudited filleted abridged financial statements
31 January 2018
BBG Consulting Limited
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
BBG Consulting Limited
Directors and other information
Directors M W Bindloss-Gibb
J M Bindloss-Gibb
Company number 07900444
Registered office Ground Floor Southon House
2 station Road east
Oxted
Surrey
RH8 0QA
Business address Linden House
9 The Street
Ash
Kent
CT3 2HH
Accountants Accounts Action (SE) Limited
Ground Floor, Southon House
Station Approach
Edenbridge
Kent
TN8 5LP
BBG Consulting Limited
Abridged statement of financial position
31st January 2018
2018 2017
Note £ £ £ £
Fixed assets
Tangible assets 5 2,105 2,807
_______ _______
2,105 2,807
Current assets
Cash at bank and in hand 2,510 201,554
_______ _______
2,510 201,554
Creditors: amounts falling due
within one year ( 32,333) ( 214,477)
_______ _______
Net current liabilities ( 29,823) ( 12,923)
_______ _______
Total assets less current liabilities ( 27,718) ( 10,116)
Provisions for liabilities 3,211 -
_______ _______
Net liabilities ( 24,507) ( 10,116)
_______ _______
Capital and reserves
Called up share capital 200 200
Profit and loss account ( 24,707) ( 10,316)
_______ _______
Shareholders deficit ( 24,507) ( 10,116)
_______ _______
For the year ending 31 January 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 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 abridged statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 14 September 2018 , and are signed on behalf of the board by:
M W Bindloss-Gibb
Director
Company registration number: 07900444
BBG Consulting Limited
Notes to the financial statements
Year ended 31st January 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 Ground Floor Southon House, 2 station Road east, Oxted, Surrey, RH8 0QA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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. Deferred 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 are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
Plant and machinery - 25 % straight line
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).
5. Tangible assets
£
Cost
At 1st February 2017 and 31st January 2018 8,638
_______
Depreciation
At 1st February 2017 5,831
Charge for the year 702
_______
At 31st January 2018 6,533
_______
Carrying amount
At 31st January 2018 2,105
_______
At 31st January 2017 2,807
_______
6. Events after the end of the reporting period
A loan to purchase a project post year end has been made by the director. This is on a commercial basis.
7. 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 o/standing
£ £ £ £
M W Bindloss-Gibb ( 216,312) 199,000 ( 16,856) ( 34,168)
_______ _______ _______ _______
2017
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
M W Bindloss-Gibb ( 160,795) ( 249,933) 194,416 ( 216,312)
_______ _______ _______ _______
8. Going Concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this period