BNS Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06510409 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

BNS Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

I D Simmonds

SECRETARY:

REGISTERED OFFICE:

18 Badminton Road

Downend

Bristol

Avon

BS16 6BQ

REGISTERED NUMBER:

06510409 (England and Wales)

ACCOUNTANTS:

Raymarsh Ford Limited

Chartered Accountants

Ground Floor

41 High Street

Kingswood

Gloucestershire

BS15 4AA

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of BNS Limited for the year ended 31 March 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of BNS Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BNS Limited and state those matters that we have agreed to state to the director of BNS Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BNS Limited and its director for our work or for this report.

It is your duty to ensure that BNS Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BNS Limited. You consider that BNS Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BNS Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Raymarsh Ford Limited

Chartered Accountants

Ground Floor

41 High Street

Kingswood

Gloucestershire

BS15 4AA

5 December 2018

FIXED ASSETS

Intangible assets

4

1,669

2,225

Tangible assets

5

216,055

240,056

217,724

242,281

CURRENT ASSETS

Debtors

6

91,029

87,625

Cash at bank and in hand

9,837

1

100,866

87,626

CREDITORS

Amounts falling due within one year

7

216,200

193,983

NET CURRENT LIABILITIES

(115,334

)

(106,357

)

TOTAL ASSETS LESS CURRENT LIABILITIES

102,390

135,924

CREDITORS

Amounts falling due after more than one year

8

100,108

134,175

NET ASSETS

2,282

1,749

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

2,278

1,745

SHAREHOLDERS' FUNDS

2,282

1,749

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 5 December 2018 and were signed by:

I D Simmonds - Director

1.	STATUTORY INFORMATION

BNS 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 is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

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 30 (2017 - 36 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

and 31 March 2018

2,322

AMORTISATION

At 1 April 2017

97

Charge for year

556

At 31 March 2018

653

NET BOOK VALUE

At 31 March 2018

1,669

At 31 March 2017

2,225

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2017

6,698

91,113

246,715

344,526

Additions

-

3,808

26,310

30,118

Disposals

-

-

(24,488

)

(24,488

)

At 31 March 2018

6,698

94,921

248,537

350,156

DEPRECIATION

At 1 April 2017

3,249

46,290

54,931

104,470

Charge for year

862

7,011

29,939

37,812

Eliminated on disposal

-

-

(8,181

)

(8,181

)

At 31 March 2018

4,111

53,301

76,689

134,101

NET BOOK VALUE

At 31 March 2018

2,587

41,620

171,848

216,055

At 31 March 2017

3,449

44,823

191,784

240,056

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2017

220,857

Additions

26,310

Disposals

(24,488

)

At 31 March 2018

222,679

DEPRECIATION

At 1 April 2017

38,747

Charge for year

28,489

Eliminated on disposal

(8,181

)

At 31 March 2018

59,055

NET BOOK VALUE

At 31 March 2018

163,624

At 31 March 2017

182,110

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Trade debtors

(4,255

)

(16,567

)

Amounts owed by group undertakings

82,896

98,355

Other debtors

-

11,567

BNS Property Partnership

-

(10,720

)

Prepayments

12,388

4,990

91,029

87,625

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Bank loans and overdrafts

-

43,860

Hire purchase contracts

57,589

40,530

Trade creditors

44,140

30,862

Amounts owed to group undertakings

26,825

4,495

Tax

10,384

(8,048

)

Social security and other taxes

19,926

23,687

VAT

53,922

41,637

Other creditors

-

13,001

Wages control account

-

(800

)

Pension fund

739

-

Accrued expenses

2,675

4,759

216,200

193,983

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/18

31/3/17

£

£

Hire purchase contracts

100,108

134,175

9.	RELATED PARTY DISCLOSURES

During the year the company paid rent of £48,000 (2017: £41,600) to the Trustees of Oakfield

Developments Limited DBSSAS.

The directors of the company are both trustees of The Trustees of Oakfield Developments Limited

DBSSAS.

As at the year end an amount of £64,055 (2017: £98,355) was owed by BNS Services Limited, a

company which is under common control. An amount of £2,397 was owed to Oakfield Developments

Limited (2016: £1,813) and £305 owed to Bristol Numerical Services Limited (2017: £305). All

companies are under common control of the directors. An amount of £5,100 was owed by Konex

Limited (2017: £Nil).

A balance of £16,520 (2017: £2,377) was due to Business Non Stop Limited, the parent company.

After the year end Business Non Stop Limited was acquired by Apeirogon Group Limited, a company

registered in England and owned by Mr ID Simmonds.