Brentime Ltd 31/01/2018 iXBRL
Brentime Ltd 31/01/2018 iXBRL
Statement of consent to prepare abridged financial statements
Company registration number:
03495784
Unaudited filleted abridged financial statements
Contents
Directors and other information
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Director |
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Secretary |
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Company number |
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Registered office |
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Business address |
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Accountants |
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72 Fielding Road | ||
Chiswick | ||
London | ||
W4 1DB | ||
Abridged statement of financial position
31 January 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Stocks | - |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities | 6 |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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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;
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The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
08 October 2018
, and are signed on behalf of the board by:
Director
Company registration number:
03495784
Statement of changes in equity
Year ended 31 January 2018
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 February 2016 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 31 January 2017 and 1 February 2017 |
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Profit for the year |
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Total comprehensive income for the year | - |
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Dividends paid and payable |
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Total investments by and distributions to owners | - |
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At 31 January 2018 |
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Notes to the financial statements
Year ended 31 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 Brentime Ltd, 76 Upsdell Avenue, London, N13 6JN.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
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.
Taxation
Tangible assets
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:
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.
Stocks
Provisions
Financial instruments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2017:
4
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5.
Tangible assets
£ | ||
Cost | ||
At 1 February 2017 and 31 January 2018 |
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Depreciation | ||
At 1 February 2017 |
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Charge for the year |
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At 31 January 2018 |
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Carrying amount | ||
At 31 January 2018 |
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At 31 January 2017 |
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6.
Provisions
Deferred tax (note 7) | Total | ||
£ | £ | ||
At 1 February 2017 |
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Additions |
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At 31 January 2018 |
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7.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
2018 | 2017 | |||
£ | £ | |||
Included in provisions (note 6) |
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The deferred tax account consists of the tax effect of timing differences in respect of:
2018 | 2017 | |||
£ | £ | |||
Accelerated capital allowances |
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8.
Controlling party
The controlling party is
Mr Savvas Stylianou
by virtue of his 100% ownership of the issued ordinary share capital of the company.