Registered number
07978630
BBFB Limited
Filleted Accounts
31 March 2018
BBFB Limited
Registered number: 07978630
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Fixed assets
Intangible assets 2 120,000 120,000
Tangible assets 3 8,716 8,945
128,716 128,945
Current assets
Stocks 1,490 1,575
Debtors 4 681 641
Cash at bank and in hand 3,983 4,509
6,154 6,725
Creditors: amounts falling due within one year 5 (82,672) (120,334)
Net current liabilities (76,518) (113,609)
Net assets 52,198 15,336
Capital and reserves
Called up share capital 100 100
Profit and loss account 52,098 15,236
Shareholders' funds 52,198 15,336
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C Gavriel
Director
Approved by the board on 6 November 2018
BBFB Limited
Notes to the Accounts
for the year ended 31 March 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2017 120,000
At 31 March 2018 120,000
Amortisation
At 31 March 2018 -
Net book value
At 31 March 2018 120,000
At 31 March 2017 120,000
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2017 14,110
Additions 739
At 31 March 2018 14,849
Depreciation
At 1 April 2017 5,165
Charge for the year 968
At 31 March 2018 6,133
Net book value
At 31 March 2018 8,716
At 31 March 2017 8,945
4 Debtors 2018 2017
£ £
Other debtors 681 641
5 Creditors: amounts falling due within one year 2018 2017
£ £
Bank loans and overdrafts - 4,783
Trade creditors 7,013 2,323
Taxation and social security costs 13,777 14,943
Directors' loan 60,715 91,474
Other creditors 1,167 6,811
82,672 120,334
6 Other information
BBFB Limited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor, Hagley Court
40 Vicarage Road
Edgbaston
Birmingham
B15 3EZ
7 Going Concern
The financial statements have been prepared on the basis that the company is a going concern and
that the directors will continue to support the company.
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