REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS FOR THE PERIOD 19 NOVEMBER 2020 TO 31 MARCH 2022 |
FOR |
BUSINESS COVER UK LTD |
REGISTERED NUMBER: |
REPORT OF THE DIRECTORS AND |
FINANCIAL STATEMENTS FOR THE PERIOD 19 NOVEMBER 2020 TO 31 MARCH 2022 |
FOR |
BUSINESS COVER UK LTD |
BUSINESS COVER UK LTD (Registered number: 13032558) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 19 NOVEMBER 2020 TO 31 MARCH 2022 |
Page |
Report of the Directors | 1 |
Income Statement | 2 |
Balance Sheet | 3 |
Notes to the Financial Statements | 4 |
BUSINESS COVER UK LTD (Registered number: 13032558) |
REPORT OF THE DIRECTORS |
for the Period 19 NOVEMBER 2020 TO 31 MARCH 2022 |
The directors present their report with the financial statements of the company for the period 19 November 2020 to 31 March 2022. |
INCORPORATION |
The company was incorporated on 19 November 2020 . |
DIRECTORS |
The directors who have held office during the period from 19 November 2020 to the date of this report are as follows: |
All the directors who are eligible offer themselves for election at the forthcoming first Annual General Meeting. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
BUSINESS COVER UK LTD (Registered number: 13032558) |
INCOME STATEMENT |
for the Period 19 NOVEMBER 2020 TO 31 MARCH 2022 |
£ |
TURNOVER |
Administrative expenses |
OPERATING LOSS and |
LOSS BEFORE TAXATION | ( |
) |
Tax on loss |
LOSS FOR THE FINANCIAL PERIOD | ( |
) |
BUSINESS COVER UK LTD (Registered number: 13032558) |
BALANCE SHEET |
31 MARCH 2022 |
Notes | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
ACCRUALS AND DEFERRED INCOME | 5 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
BUSINESS COVER UK LTD (Registered number: 13032558) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 19 NOVEMBER 2020 TO 31 MARCH 2022 |
1. | STATUTORY INFORMATION |
BUSINESS COVER UK LTD is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the period 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 period 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
£ |
Directors' remuneration |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other Creditors |
Directors Loan Account | 800 |
Accrued Expenses |
BUSINESS COVER UK LTD (Registered number: 13032558) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 19 NOVEMBER 2020 TO 31 MARCH 2022 |
5. | ACCRUALS AND DEFERRED INCOME |
£ |
Subordinated Loan | 50,000 |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary Shares | £1 | 100 |
100 Ordinary Shares shares of £1 each were allotted and fully paid for |
7. | RESERVES |
Retained |
earnings |
£ |
Deficit for the period | ( |
) |
At 31 March 2022 | ( |
) |