Bedford Business Support Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04660242 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

BEDFORD BUSINESS SUPPORT SERVICES

LIMITED

TRADING AS

MAILBOXES ETC

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P A Nertney

SECRETARY:

REGISTERED OFFICE:

St Loyes House

20 St Loyes Street

Bedford

Bedfordshire

MK40 1ZL

REGISTERED NUMBER:

04660242 (England and Wales)

ACCOUNTANTS:

Bayler Wood Associates Ltd

Chartered Certified Accountants

Priory House

1a Silsoe Road

Wardhedges

Flitton

Bedfordshire

MK45 5EE

FIXED ASSETS

Intangible assets

4

241

721

Tangible assets

5

1,584

3,162

1,825

3,883

CURRENT ASSETS

Stocks

2,500

2,500

Debtors

6

7,346

7,624

Cash at bank and in hand

4,512

13,042

14,358

23,166

CREDITORS

Amounts falling due within one year

7

14,499

18,455

NET CURRENT (LIABILITIES)/ASSETS

(141

)

4,711

TOTAL ASSETS LESS CURRENT LIABILITIES

1,684

8,594

PROVISIONS FOR LIABILITIES

53

314

NET ASSETS

1,631

8,280

CAPITAL AND RESERVES

Called up share capital

8

300

300

Retained earnings

1,331

7,980

SHAREHOLDERS' FUNDS

1,631

8,280

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 8 November 2018 and were signed by:

P A Nertney - Director

1.	STATUTORY INFORMATION

Bedford Business Support Services 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.

Turnover

Turnover represents net invoiced sales of goods and provision 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 are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on cost

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 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.

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 year 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.

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 3 (2017 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Franchise

£

COST

At 1 April 2017

and 31 March 2018

12,676

AMORTISATION

At 1 April 2017

11,955

Amortisation for year

480

At 31 March 2018

12,435

NET BOOK VALUE

At 31 March 2018

241

At 31 March 2017

721

The original franchise fee is amortised over the period of the franchise agreement. The franchise was renewed in

October 2008 for an additional 10 years, and will be amortised over this period.

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2017

and 31 March 2018

27,439

12,604

14,634

54,677

DEPRECIATION

At 1 April 2017

25,051

12,418

14,046

51,515

Charge for year

955

43

580

1,578

At 31 March 2018

26,006

12,461

14,626

53,093

NET BOOK VALUE

At 31 March 2018

1,433

143

8

1,584

At 31 March 2017

2,388

186

588

3,162

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

3,000

3,000

Prepayments

4,346

4,624

7,346

7,624

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

4,082

5,954

Social security and other taxes

5,193

5,850

VAT

1,513

1,567

Directors loan account

62

1,348

Sundry creditors and accruals

3,649

3,736

14,499

18,455

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

100

Ordinary

£1

100

100

100

'A' Non voting Ordinary

£1

100

100

100

'B' Non voting Ordinary

£1

100

100

300

300