Beatink UK Ltd
Unaudited Abbreviated Accounts
For the year ended 30 September 2016
Company Registration No. 08683444 (England and Wales)
Beatink UK Ltd
Contents
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
Beatink UK Ltd
Abbreviated Balance Sheet
As at 30 September 2016
Page 1
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
60
Current assets
Debtors
18,659
1
Cash at bank and in hand
20,875
38,713
39,534
38,714
Creditors: amounts falling due within one year
(38,267)
(35,443)
Net current assets
1,267
3,271
Total assets less current liabilities
1,267
3,331
Provisions for liabilities
-
(2,500)
1,267
831
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
1,266
830
Shareholders' funds
1,267
831
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 September 2017
G P Principe
Director
Company Registration No. 08683444
Beatink UK Ltd
Notes to the Abbreviated Accounts
For the year ended 30 September 2016
Page 2
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for
management, royalty and licensing commission income
net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
33% straight line
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
179
Depreciation
At 1 October 2015
119
Charge for the year
60
At 30 September 2016
179
Net book value
At 30 September 2016
-
At 30 September 2015
60
Beatink UK Ltd
Notes to the Abbreviated Accounts (Continued)
For the year ended 30 September 2016
Page 3
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary share of £1 each
1
1