Company registration number 04478036 (England and Wales)
BCR INSOLVENCY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
BCR INSOLVENCY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BCR INSOLVENCY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Stocks
8,500
11,090
Debtors
4
70,206
74,207
Cash at bank and in hand
46,717
116,729
125,423
202,026
Creditors: amounts falling due within one year
5
(94,395)
(28,604)
Net current assets
31,028
173,422
Creditors: amounts falling due after more than one year
6
(32,387)
Net assets
31,028
141,035
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
30,928
140,935
Total equity
31,028
141,035
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 11 March 2024 and are signed on its behalf by:
P B Wood
Director
Company registration number 04478036 (England and Wales)
BCR INSOLVENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information
BCR Insolvency Limited is a private company limited by shares incorporated in England and Wales. The registered office is G14 Weston Road, Crewe, Cheshire, CW1 6DD, CW1 6DD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover represents net invoiced professional services, excluding value added tax.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
25% Straight Line
1.4
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
1.5
Employee benefits
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
BCR INSOLVENCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
3
Tangible fixed assets
Computers
£
Cost
At 1 April 2022 and 31 March 2023
1,640
Depreciation and impairment
At 1 April 2022 and 31 March 2023
1,640
Carrying amount
At 31 March 2023
At 31 March 2022
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
5,610
22,737
Other debtors
64,596
51,470
70,206
74,207
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
9,707
Trade creditors
6,812
8,270
Taxation and social security
13,804
9,972
Other creditors
73,779
655
94,395
28,604
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
32,387