|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 30 September 2018 |
|
for |
|
BUSINESS GUARDIANS LTD |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 30 September 2018 |
|
for |
|
BUSINESS GUARDIANS LTD |
BUSINESS GUARDIANS LTD (REGISTERED NUMBER: 06379974) |
|
Contents of the Financial Statements |
for the year ended 30 September 2018 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 3 |
|
BUSINESS GUARDIANS LTD |
|
Company Information |
for the year ended 30 September 2018 |
|
|
|
|
|
|
|
Director: |
|
|
|
|
|
|
Secretary: |
|
|
|
|
|
|
Registered office: |
|
|
|
|
|
|
|
|
|
|
Registered number: |
|
|
|
|
|
|
Accountants: |
|
Chartered Accountants |
Coopers House |
65a Wingletye Lane |
Hornchurch |
Essex |
RM11 3AT |
BUSINESS GUARDIANS LTD (REGISTERED NUMBER: 06379974) |
|
Statement of Financial Position |
30 September 2018 |
|
30.9.18 | 30.9.17 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
|
|
|
Current assets |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
Creditors |
Amounts falling due within one year | 6 |
|
|
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
|
|
|
Provisions for liabilities | 7 |
|
|
Net assets |
|
|
|
Capital and reserves |
Called up share capital | 8 |
|
|
Retained earnings | 9 |
|
|
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 Statement of Income and Retained Earnings has not been delivered. |
|
The financial statements were approved and authorised for issue by the director on
|
|
|
|
|
|
BUSINESS GUARDIANS LTD (REGISTERED NUMBER: 06379974) |
|
Notes to the Financial Statements |
for the year ended 30 September 2018 |
|
|
1. | Statutory information |
|
Business Guardians Ltd is a
|
registered number and registered office address can be found on the Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | Accounting policies |
|
Basis of preparing the financial statements |
|
|
Key source of estimation, uncertainty and judgement |
The preparation of financial statements in conformity with generally accepted accounting practice requires management to |
make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of |
contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the |
reporting period. |
|
There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by |
management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, |
there remains a risk that the policy does not match the useful life of the assets. |
|
There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by |
management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there |
remains a risk that the provisions do not match the actual tax liability when asset is disposed of. |
|
Turnover |
The turnover is in respect of sale of services and goods excluding value added tax. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
|
Financial instruments |
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the |
contractual provisions of the instrument. |
|
Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at |
transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate |
method. A provision is established when there is objective evidence that the company will not be able to collect all |
amounts due. |
|
Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank |
overdrafts. |
|
Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the |
contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity |
instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its |
liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. |
|
BUSINESS GUARDIANS LTD (REGISTERED NUMBER: 06379974) |
|
Notes to the Financial Statements - continued |
for the year ended 30 September 2018 |
|
|
2. | Accounting policies - continued |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 statement of financial position date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
financial position 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 year 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. |
|
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. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme |
are charged to profit or loss in the period to which they relate. |
|
3. | Employees and directors |
|
The average number of employees during the year was
|
|
4. | Tangible fixed assets |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
Cost |
At 1 October 2017 |
and 30 September 2018 |
|
|
|
Depreciation |
At 1 October 2017 |
|
|
|
Charge for year |
|
|
|
At 30 September 2018 |
|
|
|
Net book value |
At 30 September 2018 |
|
|
|
At 30 September 2017 |
|
|
|
|
5. | Debtors: amounts falling due within one year |
30.9.18 | 30.9.17 |
£ | £ |
Other debtors |
|
|
BUSINESS GUARDIANS LTD (REGISTERED NUMBER: 06379974) |
|
Notes to the Financial Statements - continued |
for the year ended 30 September 2018 |
|
|
6. | Creditors: amounts falling due within one year |
30.9.18 | 30.9.17 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. | Provisions for liabilities |
30.9.18 | 30.9.17 |
£ | £ |
Deferred tax | 2,500 | - |
|
Deferred |
tax |
£ |
Charge to Income Statement during year |
|
Balance at 30 September 2018 |
|
|
8. | Called up share capital |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.18 | 30.9.17 |
value: | £ | £ |
|
Ordinary | £1 | 1 | 1 |
|
9. | Reserves |
Retained |
earnings |
£ |
|
At 1 October 2017 |
|
Deficit for the year | ( |
) |
At 30 September 2018 |
|
BUSINESS GUARDIANS LTD (REGISTERED NUMBER: 06379974) |
|
Notes to the Financial Statements - continued |
for the year ended 30 September 2018 |
|
|
10. | Directors' advances, credits and guarantees |
|
The following advances and credits to a director subsisted during the years ended 30 September 2018 and |
30 September 2017: |
|
30.9.18 | 30.9.17 |
£ | £ |
|
Balance outstanding at start of year | ( |
) |
|
Amounts advanced |
|
|
Amounts repaid |
|
( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
( |
) |