Registered number
07184911
Beaford Solutions Limited
Unaudited Filleted Accounts
31 March 2018
Beaford Solutions Limited
Registered number: 07184911
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 4 810 280
Current assets
Debtors 5 4,560 1,641
Cash at bank and in hand 18,674 13,867
23,234 15,508
Creditors: amounts falling due within one year 6 (12,676) (12,188)
Net current assets 10,558 3,320
Total assets less current liabilities 11,368 3,600
Provisions for liabilities (154) (53)
Net assets 11,214 3,547
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 10,214 2,547
Shareholders' funds 11,214 3,547
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.
G. Davies
Director
Approved by the board on 7 November 2018
Beaford Solutions 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 for the provision of services, net of discounts and value added taxes. Turnover from the rendering of services is recognised as time elapses.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 3 years straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Pensions
Contributions to defined contribution plans are expensed in the period to which they paid.
2 Employees 2018 2017
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2017 10,000
At 31 March 2018 10,000
Amortisation
At 1 April 2017 10,000
At 31 March 2018 10,000
Net book value
At 31 March 2018 -
Goodwill was being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2017 2,774
Additions 1,153
At 31 March 2018 3,927
Depreciation
At 1 April 2017 2,494
Charge for the year 623
At 31 March 2018 3,117
Net book value
At 31 March 2018 810
At 31 March 2017 280
5 Debtors 2018 2017
£ £
Trade debtors 4,560 1,094
Other debtors - 547
4,560 1,641
6 Creditors: amounts falling due within one year 2018 2017
£ £
Taxation and social security costs 12,226 11,722
Other creditors 450 466
12,676 12,188
7 Controlling party
The company is owned and controlled by the directors.
8 Other information
Beaford Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Little Lindens
Linden Pit Path
Leatherhead
Surrey
KT22 7JD
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