Beal Davis Software Limited,Ltd - AccountsLtd - Accounts

Beal Davis Software Limited,Ltd - AccountsLtd - Accounts

BEAL DAVIS SOFTWARE LIMITED - Company Information

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2017-07-01 05149788 2018-06-30 05149788 2017-07-01 2018-06-30 05149788 2017-06-30 05149788 2016-07-01 2017-06-30 05149788 uk-core:WithinOneYear 2017-06-30 05149788 uk-core:WithinOneYear 2018-06-30 05149788 uk-core:ShareCapital 2018-06-30 05149788 uk-core:ShareCapital 2017-06-30 05149788 uk-core:RetainedEarningsAccumulatedLosses 2018-06-30 05149788 uk-core:RetainedEarningsAccumulatedLosses 2017-06-30 05149788 uk-bus:Director1 2017-07-01 2018-06-30 05149788 uk-core:PlantMachinery 2017-07-01 2018-06-30 05149788 uk-core:ToolsEquipment 2017-07-01 2018-06-30 05149788 uk-core:ToolsEquipment 2017-06-30 05149788 uk-core:FurnitureFittings 2017-06-30 05149788 uk-core:FurnitureFittings 2018-06-30 05149788 uk-core:ToolsEquipment 2018-06-30 05149788 uk-core:FurnitureFittings 2017-07-01 2018-06-30 iso4217:GBP 05149788 uk-bus:AuditExemptWithAccountantsReport 2017-07-01 2018-06-30 05149788 uk-bus:FRS102 2017-07-01 2018-06-30 05149788 uk-bus:FullAccounts 2017-07-01 2018-06-30 05149788 uk-bus:PrivateLimitedCompanyLtd 2017-07-01 2018-06-30
Beal Davis Software Limited
Registered Number:05149788
For the year ended 30 June 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2018
Beal Davis Software Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 30 June 2018
Beal Davis Software Limited
Statement of Financial Position
Registered Number :
05149788
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
2,843
4,196
2
2,843
4,196
Current assets
Trade and other receivables
57,948
85,590
3
120,300
Cash and cash equivalents
193,490
279,080
178,248
Trade and other payables: amounts falling due within one year
(144,634)
(165,758)
4
33,614
113,322
Net current assets
Total assets less current liabilities
116,165
37,810
116,165
Net assets
37,810
Capital and reserves
Called up share capital
100
100
Retained earnings
116,065
37,710
116,165
37,810
Shareholders' funds
For the year ended 30 June 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr M Tustin Director
These financial statements were approved and authorised for issue by the Board on 20 November 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 June 2018
Beal Davis Software Limited
Notes to the Financial Statements
Statutory Information
Beal Davis Software Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05149788.
Registered address:
32-33 Foregate Street
Worcester
WR1 1EE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
33% Reducing balance
Computer equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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5
For the year ended 30 June 2018
Beal Davis Software Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or valuation
At 01 July 2017
18,410
15,738
2,672
At 30 June 2018
2,672
15,738
18,410
Provision for depreciation and impairment
At 01 July 2017
14,214
11,940
2,274
Charge for year
1,353
1,253
100
At 30 June 2018
15,567
13,193
2,374
At 30 June 2018
Net book value
298
2,545
2,843
At 30 June 2017
398
3,798
4,196
3. Trade and other receivables
2017
2018
£
£
Trade debtors
81,830
54,188
Other debtors
3,760
3,760
57,948
85,590
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
2,196
12,465
Taxation and social security
71,213
39,864
Other creditors
92,349
92,305
165,758
144,634
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