Bilali Hand Car Wash Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10387560 (England and Wales)

Financial Statements for the Year Ended 31 August 2018

for

Bilali Hand Car Wash Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N Kastrati

REGISTERED OFFICE:

Newmarket

Fordham Road

Newmarket

CB8 7AH

REGISTERED NUMBER:

10387560 (England and Wales)

ACCOUNTANTS:

Ortenz & Co Ltd

354 High Street North

London

E12 6PH

FIXED ASSETS

Intangible assets

4

69,667

73,334

CURRENT ASSETS

Debtors

5

-

16,045

Cash at bank and in hand

6,506

8,087

6,506

24,132

CREDITORS

Amounts falling due within one year

6

85,337

96,861

NET CURRENT LIABILITIES

(78,831

)

(72,729

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(9,164

)

605

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(9,165

)

604

SHAREHOLDERS' FUNDS

(9,164

)

605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 14 November 2018 and were signed by:

N Kastrati - Director

1.	STATUTORY INFORMATION

Bilali Hand Car Wash Ltd 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Franchise Fee are being amortised evenly over their estimated useful life of nil years.

Taxation

Taxation for the year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2017 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2017

91,667

Additions

18,333

At 31 August 2018

110,000

AMORTISATION

At 1 September 2017

18,333

Charge for year

22,000

At 31 August 2018

40,333

NET BOOK VALUE

At 31 August 2018

69,667

At 31 August 2017

73,334

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Other debtors

-

16,045

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade creditors

1,060

3,248

Taxation and social security

3,209

3,595

Other creditors

81,068

90,018

85,337

96,861