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B S I INTERNATIONAL LIMITED




Company Registration Number:
01560283 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st August 2009

End date: 31st July 2010

SUBMITTED

B S I INTERNATIONAL LIMITED

Contents of the Financial Statements
for the Period Ended
31st July 2010

Company Information
Report of the Directors
Profit and Loss Account
Balance sheet
Notes to the Financial Statements

B S I INTERNATIONAL LIMITED

Company Information
for the Period Ended
31st July 2010




Director: Iqbal Ahmed Saigal
Sufia Saigal
Bilal Saigal
Company secretary: Sufia Saigal
Registered office: 4 Bridgeturn Avenue
Old Wolverton Road
Milton Keynes
Buckinghamshire
MK12 5QL
Company Registration Number: 01560283 (England and Wales)

B S I INTERNATIONAL LIMITED

Directors’ Report Period Ended 31st July 2010

The directors present their report with the financial statements of the company for the period ended 31st July 2010

Principal activities
The principal activity of the company in the period under review was:
The principal activity of the company in the year under review was that of the importation and distribution of food products.

Directors
The directors shown below have held office during the whole of the period from
01st August 2009 to 31st July 2010
Iqbal Ahmed Saigal
Sufia Saigal
Bilal Saigal

The directors present their report with the financial statements of the company for the year ended 31 July 2010. The directors shown below have held office during the whole of the period from August 2009 to the date of this report. Iqbal Ahmed Saigal Sufia Saigal Bilal Saigal This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 11 November 2010
And Signed On Behalf Of The Board By:

Name: Iqbal Ahmed Saigal
Status: Director

B S I INTERNATIONAL LIMITED

Profit and Loss Account

for the Period Ended 31st July 2010

Notes 2010
£
2009
£
Turnover: 2 158,168 142,782
Cost of sales: 69,684 84,704
Gross profit or (loss): 88,484 58,078
Distribution costs: - 240
Administrative expenses: 4, 87,568 91,958
Other operating income: - 29,701
Operating profit or (loss): 3 916 ( 4,419 )
Interest payable and similar charges: - 3,978
Profit or (loss) on ordinary activities before taxation: 916 ( 8,397 )
Profit or (loss) for the financial year: 916 ( 8,397 )

The notes form part of these financial statements

B S I INTERNATIONAL LIMITED

Statement of total recognised gains and losses
31st July 2010

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

B S I INTERNATIONAL LIMITED

Balance sheet
As at 31st July 2010

Notes 2010
£
2009
£
Fixed assets
Tangible assets: 5 430,594 437,080
Total fixed assets: 430,594 437,080
Current assets
Stocks: 6 44,646 59,493
Debtors: 7 71,064 65,942
Cash at bank and in hand: 3,484 -
Total current assets: 119,194 125,435
Creditors
Creditors: amounts falling due within one year 8 26,624 542,964
Net current assets (liabilities): 92,570 ( 417,529 )
Total assets less current liabilities: 523,164 19,551
Creditors: amounts falling due after more than one year: 9 596,006 93,510
Provision for liabilities: 201
Total net assets (liabilities): ( 73,043 ) ( 73,959 )

The notes form part of these financial statements

B S I INTERNATIONAL LIMITED

Balance sheet
As at 31st July 2010
continued

Notes 2010
£
2009
£
Capital and reserves
Called up share capital: 10 20,000 20,000
Profit and Loss account: 11 ( 93,043 ) ( 93,959 )
Total shareholders funds: ( 73,043 ) ( 73,959 )

For the year ending 31 July 2010 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 11 November 2010

SIGNED ON BEHALF OF THE BOARD BY:

Name: Iqbal Ahmed Saigal
Status: Director

The notes form part of these financial statements

B S I INTERNATIONAL LIMITED

Notes to the Financial Statements
for the Period Ended
31st July 2010

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared on a going concern basis as it is the intention of the directors to continue to support the company for the foreseeable future.

    Turnover policy

    Turnover represents net invoiced sales goods, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following 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. Freehold property - not provided Plant & Machinery - 25% on reducing balance Fixtures & fittings - 25% on reducing balance Motor vehicles - 25% on reducing balance

    Other accounting policies

    Accounting convention The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) Investment property: Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. Stocks: Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Deferred Tax: Deferred Tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. 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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

  • 3 . Operating profit or (loss)

    Profit before tax as stated after charging the following.

    2010 2009
    £ £
    Depreciation - owned assets: 3,353 4,633
    Depreciation - assets on hire purchase contract: 4,262 6,985
  • 4 . Directors' remuneration

    2010 2009
    £ £
    Directors' remuneration: 14,761 14,761
    TOTAL: 14,761 14,761
  • 5. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st August 2009: 413,509 17,534 13,490 - 50,240 494,773
    Additions: - - - 1,243 - 1,243
    At 31st July 2010: 413,509 17,534 13,490 1,243 50,240 496,016
    Depreciation
    At 01st August 2009: 1,839 11,730 10,931 - 33,193 57,693
    Charge for year: 1,065 1,451 640 311 4,262 7,729
    At 31st July 2010: 2,904 13,181 11,571 311 37,455 65,422
    Net book value
    At 31st July 2010: 410,605 4,353 1,919 932 12,785 430,594
    At 31st July 2009: 411,670 5,804 2,559 - 17,047 437,080

  • 6. Stocks

    2010 2009
    £ £
    Stocks of raw materials and consumables: 44,646 59,493
    Total: 44,646 59,493

  • 7. Debtors

    2010 2009
    £ £
    Trade debtors: 71,064 45,363
    Other debtors: - 7,688
    Prepayments and accrued income: - 12,891
    Total: 71,064 65,942

  • 8. Creditors: amounts falling due within one year

    2010 2009
    £ £
    Bank loans and overdrafts: 13,575 310,166
    Amounts due under finance leases and hire purchase contracts: - 5,724
    Trade creditors: 13,049 7,443
    Taxation and social security: - 1,040
    Other creditors: - 218,591
    Total: 26,624 542,964

  • 9. Creditors: amounts falling due after more than one year

    2010 2009
    £ £
    Bank loans: 596,006 72,839
    Amounts due under finance leases and hire purchase contracts: - 20,671
    Total: 596,006 93,510

  • 10. Called up share capital

    Allotted, called up and paid

    Previous period 2009
    Class Number of shares Nominal value per share Total
    Ordinary shares: 20,000 1 20,000
    Total share capital: 20,000
    Current period 2010
    Class Number of shares Nominal value per share Total
    Ordinary shares: 20,000 1 20,000
    Total share capital: 20,000
  • 11. Profit and loss account

    2010 2009
    £ £
    At 01st August 2008: ( 93,959 ) ( 85,562 )
    Profit or (loss) for the period: 916 ( 8,397 )
    Equity dividends paid: 0 0
    Retained profit at 31st July 2010: ( 93,043 ) ( 93,959 )