|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ONLY BRIDGING & LOANS LTD |
|
Unaudited Financial Statements |
|
For The Period |
|
29th February 2016 to 31st May 2017 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ONLY BRIDGING & LOANS LTD |
|
Unaudited Financial Statements |
|
For The Period |
|
29th February 2016 to 31st May 2017 |
|
|
|
|
|
ONLY BRIDGING & LOANS LTD (REGISTERED NUMBER: 05038750) |
|
Contents of the Financial Statements |
For The Period 29th February 2016 to 31st May 2017 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
ONLY BRIDGING & LOANS LTD |
|
Company Information |
For The Period 29th February 2016 to 31st May 2017 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
ONLY BRIDGING & LOANS LTD (REGISTERED NUMBER: 05038750) |
|
Balance Sheet |
31st May 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The director acknowledges her 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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
ONLY BRIDGING & LOANS LTD (REGISTERED NUMBER: 05038750) |
|
Notes to the Financial Statements |
For The Period 29th February 2016 to 31st May 2017 |
|
|
1. | STATUTORY INFORMATION |
|
Only Bridging & Loans Ltd is a
|
company's registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting. |
|
First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the period ended 31st May 2017 are the first that are prepared in accordance with |
FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of |
transition to FRS 102 Section 1A is 1st March 2015. |
|
No transition differences have been identified on transition from previous UK GAAP to FRS 102. As such, no |
transition tables are presented showing the differences between the financial statements as presented under |
previous GAAP and as presented under FRS 102. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
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. |
ONLY BRIDGING & LOANS LTD (REGISTERED NUMBER: 05038750) |
|
Notes to the Financial Statements - continued |
For The Period 29th February 2016 to 31st May 2017 |
|
|
2. | ACCOUNTING POLICIES - continued |
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
|
Trade and other receivables |
Trade and other receivables are measured at transaction price less any impairment unless the arrangement |
constitutes a financing transaction in which case the transaction is measured at the present value of the future |
receipts discounted at the prevailing market rate of interest. Loans are initially measured at fair value and are |
subsequently measured at amortised cost using the effective interest method less any impairment. |
|
Trade and other payables |
Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing |
transaction in which case the transaction is measured at present value of future payments discounted at prevailing |
market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. |
They are subsequently measured at amortised cost using the effective interest method. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the period was
|
|
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 29th February 2016 |
and 31st May 2017 |
|
DEPRECIATION |
At 29th February 2016 |
|
Charge for period |
|
At 31st May 2017 |
|
NET BOOK VALUE |
At 31st May 2017 |
|
At 28th February 2016 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
ONLY BRIDGING & LOANS LTD (REGISTERED NUMBER: 05038750) |
|
Notes to the Financial Statements - continued |
For The Period 29th February 2016 to 31st May 2017 |
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. | ULTIMATE CONTROLLING PARTY |
|
The Controlling party is P S McGerrigan. |