false
false
false
false
false
false
false
false
false
true
false
false
true
false
false
true
true
No description of principal activity
2016-09-01
Sage Accounts Production Advanced 2017 Update 4 - FRS
10,500
3,150
1,050
4,200
6,300
7,350
xbrli:pure
xbrli:shares
iso4217:GBP
07338952
2016-09-01
2017-08-31
07338952
2017-08-31
07338952
2016-08-31
07338952
2015-09-01
2016-08-31
07338952
2016-08-31
07338952
core:NetGoodwill
2016-09-01
2017-08-31
07338952
bus:LeadAgentIfApplicable
2016-09-01
2017-08-31
07338952
bus:Director1
2016-09-01
2017-08-31
07338952
core:NetGoodwill
2016-08-31
07338952
core:NetGoodwill
2017-08-31
07338952
core:WithinOneYear
2017-08-31
07338952
core:WithinOneYear
2016-08-31
07338952
core:ShareCapital
2017-08-31
07338952
core:ShareCapital
2016-08-31
07338952
core:RevaluationReserve
2017-08-31
07338952
core:RevaluationReserve
2016-08-31
07338952
core:RetainedEarningsAccumulatedLosses
2017-08-31
07338952
core:RetainedEarningsAccumulatedLosses
2016-08-31
07338952
core:NetGoodwill
2016-08-31
07338952
bus:Director1
2016-08-31
07338952
bus:Director1
2017-08-31
07338952
bus:Director1
2015-08-31
07338952
bus:Director1
2016-08-31
07338952
bus:Director1
2015-09-01
2016-08-31
07338952
bus:FRS102
2016-09-01
2017-08-31
07338952
bus:AuditExemptWithAccountantsReport
2016-09-01
2017-08-31
07338952
bus:FullAccounts
2016-09-01
2017-08-31
07338952
bus:SmallCompaniesRegimeForAccounts
2016-09-01
2017-08-31
07338952
bus:PrivateLimitedCompanyLtd
2016-09-01
2017-08-31
COMPANY REGISTRATION NUMBER:
07338952
Bulk Handling Solutions Limited
|
|
Filleted Unaudited Financial Statements
|
|
Bulk Handling Solutions Limited
|
|
Year ended 31 August 2017
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
|
1
|
|
|
Statement of financial position
|
2
|
|
|
Notes to the financial statements
|
4
|
|
|
Bulk Handling Solutions Limited
|
|
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of
Bulk Handling Solutions Limited
|
|
Year ended 31 August 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bulk Handling Solutions Limited for the year ended 31 August 2017, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Bulk Handling Solutions Limited in accordance with the terms of our engagement letter dated 29 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Bulk Handling Solutions Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bulk Handling Solutions Limited and its director for our work or for this report.
It is your duty to ensure that Bulk Handling Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Bulk Handling Solutions Limited. You consider that Bulk Handling Solutions Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Bulk Handling Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
CARSTON
Chartered Accountants
1st Floor, Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ
30 May 2018
Bulk Handling Solutions Limited
|
|
Statement of Financial Position
|
|
31 August 2017
Fixed assets
Intangible assets
|
5
|
|
6,300
|
7,350
|
|
|
|
|
|
Current assets
Debtors
|
6
|
–
|
|
587
|
Cash at bank and in hand
|
10,954
|
|
10,018
|
|
--------
|
|
--------
|
|
10,954
|
|
10,605
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
7
|
119,298
|
|
108,229
|
|
---------
|
|
---------
|
Net current liabilities
|
|
108,344
|
97,624
|
|
|
---------
|
--------
|
Total assets less current liabilities
|
|
(
102,044)
|
(
90,274)
|
|
|
---------
|
--------
|
Net liabilities
|
|
(
102,044)
|
(
90,274)
|
|
|
---------
|
--------
|
|
|
|
|
|
Capital and reserves
Called up share capital
|
|
100
|
100
|
Revaluation reserve
|
|
(
90,374)
|
(
66,928)
|
Profit and loss account
|
|
(
11,770)
|
(
23,446)
|
|
|
---------
|
--------
|
Shareholders deficit
|
|
(
102,044)
|
(
90,274)
|
|
|
---------
|
--------
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
Bulk Handling Solutions Limited
|
|
Statement of Financial Position (continued)
|
|
31 August 2017
These financial statements were approved by the
board of directors
and authorised for issue on
30 May 2018
, and are signed on behalf of the board by:
Company registration number:
07338952
Bulk Handling Solutions Limited
|
|
Notes to the Financial Statements
|
|
Year ended 31 August 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, Tudor House, 16 Cathedral Road, Cardiff, CF11 9LJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 September 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 10.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises amounts receivable in the ordinary course of business from the principal activities of the company, exclusive of value added tax and discounts where applicable.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill
|
-
|
10% straight line
|
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2016:
1
).
5.
Intangible assets
|
Goodwill
|
|
£
|
Cost
|
|
At 1 September 2016 and 31 August 2017
|
10,500
|
|
--------
|
Amortisation
|
|
At 1 September 2016
|
3,150
|
Charge for the year
|
1,050
|
|
--------
|
At 31 August 2017
|
4,200
|
|
--------
|
Carrying amount
|
|
At 31 August 2017
|
6,300
|
|
--------
|
At 31 August 2016
|
7,350
|
|
--------
|
|
|
6.
Debtors
|
2017
|
2016
|
|
£
|
£
|
Other debtors
|
–
|
587
|
|
----
|
----
|
|
|
|
7.
Creditors:
amounts falling due within one year
|
2017
|
2016
|
|
£
|
£
|
Other creditors
|
119,298
|
108,229
|
|
---------
|
---------
|
|
|
|
8.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
|
2017
|
|
|
Balance brought forward
|
Advances/ (credits) to the director
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
£
|
|
Mr. D.B. Smith
|
(
107,829)
|
2,500
|
(
13,569)
|
(
118,898)
|
|
|
---------
|
-------
|
--------
|
---------
|
|
|
|
|
|
|
|
2016
|
|
|
Balance brought forward
|
Advances/ (credits) to the director
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
£
|
|
Mr. D.B. Smith
|
(
105,785)
|
18,400
|
(
20,444)
|
(
107,829)
|
|
|
---------
|
--------
|
--------
|
---------
|
|
|
|
|
|
|
9.
Related party transactions
The company was under the control of
Mr. D.B. Smith
throughout the current year. Mr. D.B. Smith
is the managing director and sole shareholder.
10.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 September 2015.
No transitional adjustments were required in equity or profit or loss for the year.