Business Continuity Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC150072

BUSINESS CONTINUITY SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

67,963

62,273

67,963

62,273

CURRENT ASSETS

Stocks

48,868

87,521

Debtors

6

179,365

183,977

Cash at bank and in hand

329,025

332,932

557,258

604,430

CREDITORS

Amounts falling due within one year

7

(172,193

)

(179,945

)

NET CURRENT ASSETS

385,065

424,485

TOTAL ASSETS LESS CURRENT LIABILITIES

453,028

486,758

PROVISIONS FOR LIABILITIES

(4,940

)

(5,212

)

NET ASSETS

448,088

481,546

CAPITAL AND RESERVES

Called up share capital

12,600

12,600

Retained earnings

435,488

468,946

SHAREHOLDERS' FUNDS

448,088

481,546

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 directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 9 November 2018 and were signed on its behalf by:

W Wilson - Director

1.	STATUTORY INFORMATION

Business Continuity Services Limited is a private company, limited by shares, registered in Scotland. The

company's registered office is 14 Alloway Place, Ayr, KA7 2AA.

The presentation currency of the financial statements is Sterling (£).

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.

There were no material departures from that standard.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. The company's policy is to

recognise a sale when substantively all the risks and rewards in connection with the services have been passed to

the buyer.

Intangible fixed assets

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development

expenditure is written off in the same year unless the directors are satisfied as to the technical, commercial and

financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the

period from which the company is expected to benefit.

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 etc

-

25% on reducing balance and 15% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment.

Stocks

Work in progress includes all direct expenditure and a relevant proportion of overheads according to the stage of

completion.

Financial instruments

The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic

financial instruments are initially recognised at transaction value and subsequently measured at their settlement

value.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is

calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in

respect of all timing differences that have originated but not reversed at the balance sheet date. However,

deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that

there will be suitable taxable profits from which the future reversal of the underlying timing differences can be

deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in

the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted

at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is

presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the

transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

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.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2017 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

and 31 March 2018

314,251

AMORTISATION

At 1 April 2017

and 31 March 2018

314,251

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

149,296

Additions

51,053

Disposals

(36,812

)

At 31 March 2018

163,537

DEPRECIATION

At 1 April 2017

87,023

Charge for year

15,068

Eliminated on disposal

(6,517

)

At 31 March 2018

95,574

NET BOOK VALUE

At 31 March 2018

67,963

At 31 March 2017

62,273

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

179,365

181,365

Other debtors

-

2,612

179,365

183,977

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,081

1,979

Taxation and social security

101,042

88,082

Other creditors

70,070

89,884

172,193

179,945

8.	LEASING AGREEMENTS

The minimum lease payments under non-cancellable operating leases are £33,000 (2017 - £11,000)

9.	RELATED PARTY DISCLOSURES

At the year end, a balance of £10,003 (2017 - £12,263) was due to the directors. These loans are unsecured,

interest free and are repayable on demand.