BMX FINANCIAL SERVICES LIMITED Small abridged accounts

BMX FINANCIAL SERVICES LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of BMX FINANCIAL SERVICES LIMITED have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 04887310

BMX FINANCIAL SERVICES LIMITED

Filleted Unaudited Abridged Financial Statements

30 September 2017

BMX FINANCIAL SERVICES LIMITED

Abridged Financial Statements

Year ended 30 September 2017

Contents	Page

Chartered accountant's report to the director on the preparation of the unaudited statutory abridged financial statements	1

Abridged statement of financial position	2

Notes to the abridged financial statements	3

BMX FINANCIAL SERVICES LIMITED

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of BMX FINANCIAL SERVICES LIMITED

Year ended 30 September 2017

As described on the abridged statement of financial position, the director of the company is responsible for the preparation of the abridged financial statements for the year ended 30 September 2017, which comprise the abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

GERALD KREDITOR & CO. Chartered accountant

Hallswelle House 1 Halleswelle Road London NW11 0DH

4 September 2018

BMX FINANCIAL SERVICES LIMITED

Abridged Statement of Financial Position

30 September 2017

	2017		2016
Note	£	£	£

Current assets

Debtors	7,859	7,859
Cash at bank and in hand	8,913	4,537
	--------	--------
	16,772	12,396

Creditors: amounts falling due within one year	3,437		2,362
	--------		--------
Net current assets		13,335	10,034
		--------	--------
Total assets less current liabilities		13,335	10,034
		--------	--------
Net assets		13,335	10,034
		--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	13,334	10,033
	--------	--------
Shareholders funds	13,335	10,034
	--------	--------

These abridged 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.

For the year ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 4 September 2018 , and are signed on behalf of the board by:

A Ackerman
Director

Company registration number: 04887310

BMX FINANCIAL SERVICES LIMITED

Notes to the Abridged Financial Statements

Year ended 30 September 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Halleswelle House, 1 Halleswelle Road, London, NW11 0DH.

2. Statement of compliance

These abridged 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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

4. Related party transactions

The company was under the control of Mr Ackerman throughout the current and previous year. Mr Ackerman is the sole director and shareholder.