Registration number:
Before Dawn Limited
for the
Year Ended 31 March 2017
Before Dawn Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Before Dawn Limited
Company Information
Directors |
Ms L Rust P Rust |
Company secretary |
Ms L Rust |
Registered office |
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Accountants |
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Page 1 |
Before Dawn Limited
(Registration number: 04930112)
Balance Sheet as at 31 March 2017
Note |
2017 |
2016 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current (liabilities)/assets |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Page 2 |
Before Dawn Limited
(Registration number: 04930112)
Balance Sheet as at 31 March 2017
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Ms L Rust
Company secretary and director
Page 3 |
Before Dawn Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency of the financial statements if the Pound Sterling (£).
Revenue recognition
Turnover represents net invoiced sales of services, excluding value added tax under the flat rate scheme, except in respect of service contracts when turnover is recognised when the company obtains the right to consideration.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Page 4 |
Before Dawn Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
2 |
Accounting policies (continued) |
Asset class |
Depreciation method and rate |
Office equipment |
Straight line over 3 years |
Motor vehicles |
25% on reducing balance |
Computer equipment |
Straight line over 3 years |
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Financial instruments
Classification
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Page 5 |
Before Dawn Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
Tangible assets |
Computer equipment |
Motor vehicles |
Office equipment |
Total |
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Cost or valuation |
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At 1 April 2016 |
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Additions |
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- |
- |
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At 31 March 2017 |
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Depreciation |
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At 1 April 2016 |
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Charge for the year |
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At 31 March 2017 |
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Carrying amount |
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At 31 March 2017 |
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- |
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At 31 March 2016 |
- |
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Debtors |
2017 |
2016 |
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Trade debtors |
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Directors' loan accounts |
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Page 6 |
Before Dawn Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
Creditors |
Creditors: amounts falling due within one year
Note |
2017 |
2016 |
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Due within one year |
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Bank loans and overdrafts |
- |
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Hire purchase contracts |
21,661 |
6,784 |
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Trade creditors |
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Tax |
9,184 |
9,135 |
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Social security and other taxes |
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Directors' loan accounts |
- |
250 |
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Accrued expenses |
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Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £21,661 (2016 - £6,784).
Creditors: amounts falling due after more than one year
Note |
2017 |
2016 |
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Hire purchase contracts |
- |
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Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £0 (2016 - £21,661).
Page 7 |
Before Dawn Limited
Notes to the Financial Statements for the Year Ended 31 March 2017
Related party transactions |
Transactions with directors |
2017 |
At 1 April 2016 |
Advances to directors |
Repayments by director |
At 31 March 2017 |
Ms L Rust |
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Directors loan account |
29,359 |
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( |
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2016 |
At 1 April 2015 |
Advances to directors |
Repayments by director |
At 31 March 2016 |
Ms L Rust |
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Directors loan account |
41,038 |
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( |
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Interest has been charged on the above loan at the official rate of 3%.
No s455 tax has been charged on the above loan as it was repaid within 9 months of the year end.
Transition to FRS 102 |
Page 8 |